Household debt in Europe by country (2012)

by Jakub Marian

Tip: See my list of the Most Common Mistakes in English. It will teach you how to avoid mis­takes with com­mas, pre­pos­i­tions, ir­reg­u­lar verbs, and much more (PDF Version).

There is a worrying tendency among households in European countries to spend more than they can afford. The following map shows the average size of a household’s debt (in terms of loans, mortgages, negative credit card balances, etc.) as a percentage of the household’s yearly income. It is based on data (2012) by Eurostat (which, unfortunately, doesn’t include all European countries)

It should be noted, however, that not all debts are created equal. There is a huge difference between long-term investments and consumer loans; for example, every person with a mortgage adds a lot to the figures in the map, but, in the end, he or she will not only repay the loan, but also own a new house or flat, whereas a person getting a loan only to spend it, for instance, on food, will posses no additional property after repaying the loan, so higher figures do not necessarily imply something is wrong.

houshold-debt

By the way, I have written several educational ebooks. If you get a copy, you can learn new things and support this website at the same time—why don’t you check them out?

Enter the discussion 0

Subscribe to my educational newsletter

to receive a weekly summary of new articles
Enter your email address below:
Please, enter a valid email address:
You tried to submit the form in less than five seconds after opening this page. To confirm that you are a human, please, click on the button below again:
Subscribe
I will send you one of my ebooks for free as a little gift.