Household debt has increased and its structure changed, says Bank of Finland

THE INDEBTEDNESS of Finnish households is jeopardising the ability of the national economy to adapt to serious disruptions, warns the Bank of Finland.

Household debt is a concern not only because it, as a proportion of household income, has more than doubled from 62 to 127 per cent over the past two decades, but also because its structure has changed noticeably, explains Marja Nykänen, a deputy governor at the Bank of Finland.