The gap between the relative growth of liabilities and assets peaked during the financial crisis and has narrowed somewhat for middle-income households more recently. While mortgages rose and fell sharply around  12  The data are from the 2018 SHED. Tabulations include only middle-income adults who are not retired.
Dear Colleagues,  2/3  BIS - Central bankers' speeches  Central banks must embrace the revolution underway in digital money to ensure that they remain at the heart of the global payments system. While the private sector excels at customer-facing activity, central banks provide the basis for trust, ensure liquidity, and set standards.