More importantly, it is not clear whether the higher share of debt increases the risk that these households will experience financial stress. On the one hand, it might indicate that in recent years, people have been unable to pay down their debt by the time they retire.
*  *  *  On behalf of the Board, Management and Staff, it is my pleasure to welcome you all to our Twenty-Seventh Dr. Eric Williams Memorial Lecture, the first in my capacity as Central Bank Governor.