On borrowed time? examines how and why household debt grew in the pre-crisis years, before turning to study the current scale and distribution of exposure to debt across households. Finally, the report looks at the link between household debt and prospects for economic growth, setting out a range of broad policy considerations that will frame our future work.
On borrowed time? is the first report from the Resolution Foundation’s Deconstructing Debt project that will identify how far the household debt shadow stretches in the UK and consider options for paying down debt that will both support families and allow a return to sustainable economic growth. We will be publishing further research and hosting a series of debates during the project to explore a range of options for household deleveraging.