HOUSEHOLD DEBT AND FINANCIAL ACCESS: EVIDENCE FROM PANEL ANALYSIS

Abstract

This study provides a comprehensive analysis of household debt in 46 countries throughout the period from 2015 to 2021. This study aims to understand the factors that affect household debt, focusing on the effects of economic indicators such as income levels, access to financial resources, and macroeconomic policies. This study using panel data analysis to examines the relationship between household debt and economic factors. The findings show a significant correlation between household debt and factors such as household income, financial access, interest rates and total reserves. This study will contribute to a better understanding of household debt in various forms of economy and offer valuable insights for policy makers and financial institutions. These findings are important to inform policies aimed at managing household debt levels, promoting financial access, and ensuring economic stability, especially in a rapidly changing global economic landscape.