{"id":8581,"date":"2013-10-09T20:07:38","date_gmt":"2013-10-10T00:07:38","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8581"},"modified":"2013-10-09T20:07:38","modified_gmt":"2013-10-10T00:07:38","slug":"household-debt-to-income-ratio","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/09\/household-debt-to-income-ratio\/","title":{"rendered":"Household Debt to Income ratio"},"content":{"rendered":"<p><a href=\"http:\/\/www.ritholtz.com\/blog\/2013\/10\/household-debt-to-income-ratio-usa-vs-canada\/\" title=\"Household Debt-to-Income Ratio, USA vs Canada\" target=\"_blank\">Barry Ritholz<\/a> highlights the alarming debt to income ratio for Canada compared to the USA:<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Household Debt to Income ratio\" alt=\"Household Debt to Income ratio\" src=\"https:\/\/i0.wp.com\/www.ritholtz.com\/blog\/wp-content\/uploads\/2013\/10\/Canada-US-debt.png?w=525\" \/><\/p>\n<p>How does Australia compare?<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australian Household Debt to Income ratio\" alt=\"Australian Household Debt to Income ratio\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/6tl-hhfin.gif?w=525&#038;ssl=1\" \/><br \/>\nAustralian household debt to income is similar to Canada&#8217;s. There has been discussion recently about whether Australia is in a housing bubble. As Anna Schwartz (joint author of <em>A Monetary History of the United States, 1867-1960<\/em> with Milton Friedman) pointed out: there is only one kind of bubble and that is a debt bubble. It may manifest through rising real estate, stock or other asset prices, but the underlying driver is the same: a rapid expansion of the money supply through easy credit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barry Ritholz highlights the alarming debt to income ratio for Canada compared to the USA: How does Australia compare? Australian household debt to income is similar to Canada&#8217;s. There has been discussion recently about whether Australia is in a housing bubble. As Anna Schwartz (joint author of A Monetary History of the United States, 1867-1960 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/09\/household-debt-to-income-ratio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Household Debt to Income ratio&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,10,34],"tags":[203,959,1041,1166,1726,1736,2345],"class_list":["post-8581","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-housing-economy","category-us-canada-countries-regions","tag-anna-schwartz","tag-debt-bubble","tag-disposable-income","tag-easy-credit","tag-household-debt","tag-housing-bubble","tag-monetary-expansion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Household Debt to Income ratio - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Household Debt to Income ratio - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Barry Ritholz highlights the alarming debt to income ratio for Canada compared to the USA: How does Australia compare? Australian household debt to income is similar to Canada&#8217;s. There has been discussion recently about whether Australia is in a housing bubble. 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Australian household debt to income is similar to Canada&#8217;s. There has been discussion recently about whether Australia is in a housing bubble. 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Since the correction, the U.S. ratio now hovers at approximately 3:1.To compound the\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5855,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/28\/australia-household-debt-crisis\/","url_meta":{"origin":8581,"position":1},"title":"Australia: Household debt crisis","author":"Colin Twiggs","date":"October 28, 2012","format":false,"excerpt":"A few days ago I mentioned that Australia is in a housing bubble. The easiest way to gauge this is to compare Australian household debt\/disposable income (DPI) to the US peak before the global financial crisis. After all, household debt is the fuel for a housing bubble. Australia's current ratio\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13713,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/06\/is-the-market-in-a-bubble\/","url_meta":{"origin":8581,"position":2},"title":"Is the market in a bubble?","author":"ColinTwiggs","date":"November 6, 2013","format":false,"excerpt":"As global growth recovers we expect equity markets to be buoyed by improvements in both earnings and dividends, with strong momentum over the quarter. There is much discussion in the media as to whether various markets are in a \"bubble\". Little attention is devoted to the fact that bubbles can\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"US Household Debt","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-18-us-excsresns.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-18-us-excsresns.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-18-us-excsresns.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15672,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/08\/04\/australia-housing-incomes-growth\/","url_meta":{"origin":8581,"position":3},"title":"Australia: Housing, Incomes &#038; Growth","author":"ColinTwiggs","date":"August 4, 2017","format":false,"excerpt":"A quick snapshot of the Australian economy from the latest RBA chart pack. Disposable income growth has declined to almost zero and consumption is likely to follow. Else Savings will be depleted. Residential building approvals are slowing, most noticeably in apartments, reflecting an oversupply. Housing loan approvals for owner-occupiers are\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5846,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/australia-rba-running-out-of-options\/","url_meta":{"origin":8581,"position":4},"title":"Australia: RBA running out of options","author":"Colin Twiggs","date":"October 25, 2012","format":false,"excerpt":"The Reserve Bank of Australia must be viewing the end of the mining boom with some trepidation. Cutting interest rates to stimulate new home construction may cushion the impact, but comes at a price. Consumers may benefit from lower interest rates but that is merely a side-effect: the real objective\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38974,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/11\/22\/australias-debt-end-game\/","url_meta":{"origin":8581,"position":5},"title":"Australia&#8217;s debt end game","author":"Colin Twiggs","date":"November 22, 2022","format":false,"excerpt":"We are nearing the end of a thirty year bull market in credit, during which time the overnight cash rate in Australia fell from 18% in 1989 to 0.03% in 2021. Low interest rates enabled households to borrow more relative to their income, with housing debt expanding 4.5 times, over\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=8581"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8581\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}