The driving forces behind households’ accumulation of consumer debt
This Staff Memo explores the determinants of unsecured consumer debt among Norwegian households using data from 2020 to 2024, identifying key drivers such as life-cycle patterns, labor market shocks, and homeownership transitions. Findings reveal vulnerabilities associated with younger households, renters, and those relying on unsecured loans for consumption smoothing. It also highlights the role of unemployment and homeownership in shaping debt composition and offers policy insights for financial stability.
Publisert
Eier
Norges Bank
Forfattere
Himal Gautam, Ella Getz-Wold og Magnus A. H. Gulbrandsen
Språk
Engelsk