household debt
Coverage of household debt in the Nexus archive.
- Brazil’s New Payroll-Loan Boom Tops R$100 Billion as Household Debt Stays High
Brazil's new payroll-loan program has surpassed R$101 billion (US$20 billion) across 17 million contracts involving 8.5 million workers, despite household debt remaining high.
- South Korea’s central bank hikes rate for 1st time since 2023 to curb inflation, debt
South Korea’s central bank raised its key interest rate from 2.5% to 2.75% for the first time since January 2023 to address inflation driven by the Middle East conflict and energy costs, as well as high household debt. The decision followed stronger-than-expected economic growth fueled by semiconductor exports linked to global AI demand, prompting the government to revise its 2026 growth forecast upward to 3%.
- South Korea’s central bank hikes rate for 1st time since 2023 to curb inflation, debt
South Korea’s central bank raised its key interest rate for the first time in over three years to address inflation exacerbated by the Middle East war and to slow the growth of high household debt.
- California dominates list of cities with highest credit card debt
Seven California cities are among the top 10 in the US with the highest credit card debt. Americans are facing record household debt and increasing delinquencies nationwide.