Issue Household deleveraging does not remove the risk if debt moves to other sectors
Summary
MGI qualifies the household deleveraging story: lower household debt makes household balance sheets healthier, but higher debt elsewhere can still produce a correction that reaches households through their ownership of financial assets or their participation in pension funds holding those assets.
Classification
Main topicMacroeconomy & Finance
Region menusGlobal
Impactscope:global
Time horizonnot assigned
Last updated2026-07-29 04:49:52
Evidence 1
- The global balance sheet 2026: Imbalance and divergence McKinsey Global Institute page=19;section=Is the balance sheet 'in balance?' / Debt 2026-07 accessed 2026-07-26
Constituent trends 1
Directly linked signals 0
No objects.
Relation types: constitutes
Public id: fm-89fce78771da