Central Bank report shows fall in household debt last year
In their latest figures this afternoon, the Central Bank have reported that Irish households continue to be the third most indebted in the European Union.
However, the bank has also found there was a significant decline in debt levels here during 2015.
Their financial accounts for the final three months of last year show that household debt as a proportion of disposable income fell to 155.1%.
Household debt continued to decrease during that period, falling by €1.6bn or 1.1%, to €149.6bn, meaning debt per household stood at €32,269 - its lowest level since the start of 2006.
One of the main reasons for this was the strong growth in disposable income.
