Households losing wealth as debt keeps going upPETER MEECHAM/FAIRFAX NZ The Treasury says debt levels remain manageable but will be influenced by house price developments. But it is no cause for alarm just yet, at least for the country's stability, even as household debt keeps going up. 123RF The net financial wealth of households has been declining over the past year. Overall net wealth, measured as net financial wealth plus the value of housing and land, is still going up. In July, economists warned surging household debt levels would create a lengthy debt hangover which could hit growth for years to come.

Source: Stuff October 04, 2016 02:26 UTC