An estimated 54,500 households struggled to repay their debts with KBC
On a macro level, an increase in the household debt-to-income ratio helps economic growth in the short run, but in 3-5 years, those benefits reverse, and the risks of financial ruin rise2. In 2022, Belgium's household debt was EUR 347.6 billion (B...
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#financial excess
#credit debt
#debt'
#consumer loans
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