Household debt in Slovakia linked to lower net wealth, study finds.
Household debt in Slovakia affects wealth differently depending on the type of debt. Non-mortgage debt has a strongly negative impact on wealth, while mortgage debt doesn't have much effect. People in bigger cities and more developed areas tend to have more debt but also more wealth. Household wealth is mostly influenced by income, owning a home, inheritance, family size, the head of the household's characteristics, and the economic conditions of the region.