Template-Type: ReDIF-Paper 1.0
Author-Name: Anna Zabai
Author-X-Name-First: Anna
Author-X-Name-Last: Zabai
Title: How are household finances holding up against the Covid-19 shock?
Abstract: As incomes shrink because of the Covid-19 shock, households must balance repaying debt with keeping up reasonable levels of consumption. In several countries, low- and middle-wealth households have insufficient liquid buffers to weather a long spell of unemployment without falling behind on debt repayments. The resilience of middle-wealth households is especially important: they hold relatively more (mortgage) debt and are more vulnerable in the countries that are more heavily exposed to the economic shock.
Length: 9 pages
Creation-Date: 2020-06-15
File-URL: https://www.bis.org/publ/bisbull22.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull22.htm
File-Format: text/html
Number: 22
Handle: RePEc:bis:bisblt:22