Signal Household debt is back to early-2000s levels in the US and Europe
Summary
MGI reports household debt falling relative to GDP in most economies, with many below their post-2000 averages, Ireland more than 40 percentage points of GDP below its own average, Australia and Canada still above 100 percent of GDP though below their peaks, and China the most elevated relative to its own post-2000 average.
Classification
Main topicMacroeconomy & Finance
Secondary topicsCities & Housing
Region menusGlobal
Occurrencescope:country · geo_region:east_asia · geo_region:europe · geo_region:oceania · country:AU · country:CN · country:IE
Impactscope:global
Time horizon0-3 years (2026-07-26)
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
Part of trends 1
Directly linked issues 0
No objects.
Relation types: supports
Public id: fm-edd2d9e1447c