Czechs indebted themselves at record rate in 2021

Debt

The total debt held by Czech households rose by a record CZK 365 billion (some EUR 14.79 bln) in 2021 to a total of CZK 2.97 trillion (EUR 120.33 bln).

The main reason for the high increase was a rise in people taking mortgages, according to the Czech Credit Bureau (CRIF), a global company specializing in the development and management of credit registry services.

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