Pantheon Macroeconomics - The proportion of households' annual incomes absorbed by servicing debt has declined steadily this decade, providing a powerful boost to spending. Indeed, the proportion of annual incomes accounted for by interest payments--mainly on mortgages--edged down a record low of 4.6% in Q1, less than half the share in 2008.
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24 August. 2016 The Impetus to Spending From Falling Mortgage Rates Will Wane
By Samuel Tombs
The proportion of households' annual incomes absorbed by servicing debt has declined steadily this decade, providing a powerful boost to spending. Indeed, the proportion of annual incomes accounted for by interest payments--mainly on mortgages--edged down a record low of 4.6% in Q1, less than half the share in 2008.
Posted: 24th Aug 2016 in 'UK Documents'
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Keywords for: UK Documents | 24 August. 2016 The Impetus to Spending From Falling Mortgage Rates Will Wane
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