The household debt service ratio fell, however, to 13.32% in the third quarter
The ECB has flagged inflation and valuation risks, plus credit and liquidity risks
The rating agency sees conditions deteriorating as life, and spending habits, return to normal
Despite concerns around debt and budgeting, most are feeling optimistic about their financial futures
High debt levels mean rate hikes will take a bite out of budgets
Borrowing needs are starting to ease
Younger, less affluent households see larger wealth gains
The figure is the second-highest on record but an improvement over 2020
The recent throne speech said recovery from the pandemic will be fuelled by growth, not spending cuts or tax hikes
High debt levels and rising rates may keep consumers on the sidelines