Irish Forums Message Discussion :: Irish Debt levels to climb further

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Irish Debt levels to climb further

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Irish Business News Discussion:     Irish Debt levels to climb further

A new report says Irish households are now more sensitive to changes in interest rates than at any other time.

But the report says the notion that consumer spending is being maintained by an ever-rising debt spiral fuelled by low interest rates is a myth. It says savings levels are among the highest in the developed world, while household wealth had also risen strongly.

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