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Opinion: Beware of personal debt - it may come back to haunt you


Opinion: Beware of personal debt - it may come back to haunt you
27 Apr, 2021 10:00 PM
3 minutes to read
Our current household debt stands at 95 per cent of GDP, writes Tim Wilson. Photo / Getty Images
Our current household debt stands at 95 per cent of GDP, writes Tim Wilson. Photo / Getty Images
Bay of Plenty Times
One of the biggest financial impacts of Covid-19 has been debt.
Last year alone added US$24 trillion to the global debt abyss, as calculated by the Washington-headquartered Institute of International Finance.
The world debt
to GDP ratio surged by 35 percentage points during the year of Covid to 355 per cent. ....

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