Growing household debt… beeps everywhere

As apartment sales in the metropolitan area increase little by little, mortgage loans are also increasing.

As the decline in credit loans shows signs of stopping, total household loans are also showing an alarming increase.

There are beeps coming from all over the place.

This is Reporter Lee Jae-dong.


I drew a graph of the number of reported monthly apartment sales in Seoul from the second half 토토사이트of last year to the first half of this year.

Trading volume, which hit bottom from July of last year when the Bank of Korea first raised the base rate by 0.5%p and took a big step until the end of the year, gradually drew an upward curve this year and recovered to the level of two years ago in June.

As the number of people who want to buy an apartment increased, household debt began to rise.

The increase in household loans in the bank sector, which had been on a downward trend for some time in the aftermath of high interest rates, expanded again from April, and in terms of balances, June and July successively hit record highs.

As the economy grows, debt inevitably increases, but the problem is that the end of the high-interest rate tunnel is not in sight.

<Cho Young-moo / Research Fellow, LG Management Research Institute> “Because the ability of households to pay interest on their consumption may decrease, and the situation of companies’ investment and self-employed business owners may deteriorate at the same time…” Various indicators at home and abroad are already warning lights

. .

The household debt-to-GDP ratio was already at 105% at the end of last year, the third highest among 43 major countries, and the delinquency rate on bank loans for those in their 20s or younger with a weak income base soared to a record high of 0.44% at the end of the second quarter.

Last month, all members of the Bank of Korea’s Monetary Policy Committee unanimously warned that the increase in household loans should be reduced.

Amid concerns that the financial authorities are raising the risk of household debt with policies that increase loan demand, the Financial Services Commission announced that it would hold an inspection meeting in this regard and discuss the direction of response.

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