Knowledge Tree
mortgage debt
Facts (12)
Sources
The Impacts of Individual and Household Debt on Health and Well ... apha.org Oct 25, 2021 3 facts
claimSince the 2008 housing crisis, mortgage debt has remained stable in the United States, while unsecured consumer debts have continued to rise.
claimSince the 2008 housing crisis, mortgage debt in the United States has remained stable, while unsecured consumer debts have continued to rise.
claimSince the 2008 housing crisis, mortgage debt in the United States has remained stable while unsecured consumer debts have continued to rise.
Juggling to stay afloat: Debt and health under financialization discovery.researcher.life Nov 15, 2024 3 facts
measurementThe primary role of mortgage debt in Australia shifted from financing new construction to purchasing existing dwellings; in 1985, less than 25 percent of new mortgage finance was for new dwellings, and by 2000, this figure had fallen below 10 percent.
measurementAustralian household debt increased from 30 per cent to 99 per cent of GDP, and mortgage debt increased from 20 per cent to 85 per cent of GDP, between 1990 and 2008.
measurementApproximately 85 percent of the additional $985 billion of mortgage debt accumulated in Australia since 1986 was used to inflate house prices rather than to finance the construction of new homes.
Debt and mental health: the role of psychiatrists cambridge.org Jan 2, 2018 2 facts
claimNettleton and Burrows (1998), using British Household Panel Survey data, reported that the onset of mortgage debt had a negative impact on mental health and resulted in increased rates of general practitioner consultation among male participants due to stress.
claimBrown, Taylor, and Price (2005) reported that heads of household with outstanding non-mortgage debt are significantly less likely to report complete psychological well-being, though they found no such association with mortgage debt.
How the Psychological Burden of Debt Impacts Our Physical Health lithub.com Nov 20, 2025 1 fact
claimAmericans have experienced a rapid accumulation of various forms of debt, including medical, credit card, student loan, payday, and mortgage debt, since the 1980s.
What is Personal Finance? A Guide to Managing Your Money westernsouthern.com 1 fact
measurementAverage mortgage debt in the United States increased to $244,498 in 2023.
Systemic Debt Slavery - David Korten davidkorten.org Jan 8, 2021 1 fact
claimWall Street promoted credit card and mortgage debt as a solution to falling wages relative to the cost of living, leading people to become locked into unpayable debt.
The impact of monetary policy on income and wealth inequality cepr.org Feb 11, 2022 1 fact
referenceThe finding that monetary policy rate decreases significantly improve the net asset position of indebted households with large outstanding mortgage debt concurs with Bielecki et al. (2022).