People face surge in household debts in next five years – study

Mounting mortgage and other domestic costs will hit families hard if interest rates rise

Britons will spend almost a third more on their mortgages and other household debts over the next five years, according to new data, sparking fears many may struggle to cope with mounting costs if interest rates rise as predicted.

The projection, revealed by a freedom of information request to the Office for Budget Responsibility, found household debt servicing costs were set to climb 29% by 2023, the vast majority of which are likely to be mortgages.

Inflation is when prices rise. Deflation is the opposite – price decreases over time – but inflation is far more common.

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Apple Shipped More Watches Than Switzerland In Q4 2017

Despite the fact that the Apple Watch is consistently playing second (or third) fiddle to the iPhone in terms of public attention, the evidence suggesting that Apple has yet another hit product on its hands is piling up.

According to estimates by market research firm Canalys, the Apple Watch had its best quarter ever in Q4 2017. Driven by the release of the Series 3 model including (optional) LTE support, Apple shipped 8 million watches between October and December, bringing its total for the year to more than 18 million units.

As Statista’s chart illustrates, that puts Apple ahead of the entire Swiss watch industry (think Rolex, Swatch etc.) for the quarter, supporting the company’s claims that the Apple Watch became the top-selling watch in the world some time in 2017.

Infographic: Apple Shipped More Watches Than Switzerland in Q4 2017 | Statista You will find more infographics at Statista

For all of 2017, BI reports that the Swiss exported more watches than Apple shipped, and the Chinese still make far more watches than anyone. But as the data indicates, Apple is rapidly gaining ground.