As I noted already, about half of New Zealand's homeowners have fully paid off their mortgage and have little other debt. Mortgage debt is concentrated within the 25 to 45 age bracket, with some homeowners in this category carrying high levels of debt for a lengthy period of time.
What are you especially looking forward to this year? Worauf freuen Sie sich in diesem Jahr besonders? Each edition of the Cultural Days of the ECB is unique and has its own spirit. It is the sheer variety of events that always amazes me. And it is a repeated pleasure every year to discover new talents and welcome renowned artists to Frankfurt.