Whether or not this presents risks is not clear. Retirees are typically captured in these lower income brackets and if this debt is connected with investment property from which they are earning income, it may not be particularly risky.
A stable environment clearly encouraged investment activity, which was further buoyed by emerging optimism about the huge potential that the domestic market offered. Accelerating investment provided a double bonus; it created new capacity, while speeding up the assimilation of new technology. As a result, more was produced with higher productivity. The lower set of bars also represents a development of enormous significance.