Mortgage Debt
In most advanced economies, mortgage debt is the dominant component of household liabilities. As a share of GDP, household mortgage debt exceeds 60% in countries like the Netherlands, Australia, and Denmark.
Data on family budgets, expenditures, savings, and household income structure — how ordinary households manage their financial lives across the world.
Global and OECD-average indicators from the most recent data cycles.
OECD Average — share of total consumption
OECD average household
Net household savings as a percentage of net disposable income — most recent available year.
| Country | Savings Rate (%) | Change vs 5Y Avg | Notes |
|---|---|---|---|
| China | 34.8% | +2.1 pp | Driven by precautionary saving |
| Germany | 20.1% | −1.4 pp | Includes corporate households |
| Switzerland | 19.4% | Stable | High income, high cost of living |
| Netherlands | 17.9% | +0.8 pp | Pension contributions excluded |
| Sweden | 14.2% | Stable | |
| France | 15.7% | −0.6 pp | |
| Canada | 7.8% | −5.2 pp | Post-pandemic normalisation |
| United States | 5.1% | −8.0 pp | Post-pandemic drawdown |
| United Kingdom | 6.9% | −3.8 pp | Inflation squeeze effect |
| Japan | 5.7% | Stable | Declining due to ageing population |
| India | 18.2% | +1.9 pp | Financial savings growing |
| Brazil | 14.3% | Stable | High inequality suppresses median |
Source: OECD National Accounts; World Bank; national statistical agencies. Data is informational only.
The composition of household income varies significantly across income levels and countries. In high-income countries, wage and salary income typically accounts for 60–75% of total household income, supplemented by social transfers, self-employment, and capital income.
For the bottom income quintiles, social transfers — pensions, unemployment benefits, housing allowances — often constitute the majority of income. For the top quintile, capital income (dividends, interest, rental income, capital gains) plays a substantially larger role.
| Income Quintile | Labour Income | Capital Income | Transfers | Other |
|---|---|---|---|---|
| Quintile 5 (Top) | 62% | 22% | 8% | 8% |
| Quintile 4 | 72% | 6% | 16% | 6% |
| Quintile 3 (Middle) | 66% | 3% | 25% | 6% |
| Quintile 2 | 51% | 2% | 41% | 6% |
| Quintile 1 (Bottom) | 28% | 1% | 64% | 7% |
Source: OECD — Household Income and Expenditure database. OECD average, approx. 2022.
In most advanced economies, mortgage debt is the dominant component of household liabilities. As a share of GDP, household mortgage debt exceeds 60% in countries like the Netherlands, Australia, and Denmark.
Revolving consumer credit (credit cards, personal loans) is particularly prevalent in the United States, United Kingdom, and Australia. Higher-interest consumer debt disproportionately affects lower-income households.
Student loan debt has grown rapidly in countries with high tuition costs. In the US, total outstanding student debt exceeds $1.7 trillion, with significant consequences for household balance sheets of younger cohorts.
| Country | Household Debt / Disposable Income | Debt / GDP | Year |
|---|---|---|---|
| Australia | 187% | 121% | 2023 |
| Netherlands | 211% | 103% | 2023 |
| Canada | 181% | 106% | 2023 |
| Denmark | 257% | 112% | 2023 |
| United States | 101% | 77% | 2023 |
| United Kingdom | 141% | 86% | 2023 |
| Germany | 93% | 56% | 2023 |
| Japan | 116% | 68% | 2022 |
Source: BIS, OECD, national central banks. Data is informational only.
Access to basic financial services — bank accounts, payment systems, credit, insurance — remains profoundly unequal across the globe. The World Bank's Global Findex survey documents these disparities comprehensively.
In high-income OECD countries, bank account ownership is near-universal at 95–99%. In low-income countries, the majority of adults remain unbanked, relying on informal financial arrangements that often carry higher costs and risks.
Mobile banking and fintech have accelerated financial inclusion in parts of Sub-Saharan Africa and South Asia, where mobile money systems have extended access to populations beyond the reach of traditional banking infrastructure.
| Region | Account Ownership | Mobile Money (Adults) |
|---|---|---|
| High-Income OECD | 96% | 24% |
| East Asia & Pacific | 81% | 30% |
| Latin America | 73% | 21% |
| Europe & Central Asia | 66% | 12% |
| Middle East & N. Africa | 52% | 14% |
| South Asia | 68% | 29% |
| Sub-Saharan Africa | 55% | 48% |
Source: World Bank Global Findex Database 2022. Data is informational only.