Colombia

Is Colombian household debt a major problem?

by Bob Sheth on November 11, 2014

Is Colombian household debt a major problem?

Is Colombian household debt a major problem?

A recent report by private firm Kantar Worldpanel has cast something of a dark shadow across some areas of Latin America where household debt is still relatively high. The report is a very detailed look at average household debt across Latin America after analysing feedback from 6,704 families across 15 Latin American countries. The findings of this survey may look alarming on the surface, and surprise many, but what is the situation when you dig deeper and look at the long-term picture?

When we tell you that 65% of Colombian households have at least one person in debt this may look like a potential problem but it is actually down from 69% in the same study last year. Chile was second on the list this year with 63% of Chilean households having one or more person in debt but what damage has this done these two economies so far? [click to continue…]

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