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- Title
Household debt and spending: results from the 2007 NMG Research survey.
- Authors
Waldron, Matt
- Abstract
This article summarises the main results from the latest survey carried out for the Bank by NMG Research in late September about the state of household finances. There was a slight increase in financial pressure among renters, continuing a recent trend. Mortgagors appeared not to have experienced any increased difficulty despite the increase in policy rates over the year. Partly, this reflects the widespread use of fixed-rate mortgage products. Credit conditions appeared to have tightened a little for renters, but loosened for mortgagors over the year to September.
- Subjects
CONSUMER credit; CONSUMPTION (Economics); PUBLIC finance; MORTGAGES; APARTMENT dwellers
- Publication
Bank of England Quarterly Bulletin, 2007, Vol 47, Issue 4, p512
- ISSN
0005-5166
- Publication type
Article