Are households borrowing more to fund consumption?

Households’ net financial savings as a percentage of GDP fell to a 47-year low in 2022-23. But the stock of household financial liabilities, as a percentage of the stock of household financial assets, is still lower than what it was back in March 2019, before the pandemic

Manas Chakravarty

September 20, 2023 / 09:11 IST

Are households borrowing more to fund consumption?

The impact of the pandemic can be easily seen in the 2020-21 data, with financial assets rising sharply while financial liabilities remained the same as in the earlier year, as a percentage of GDP

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