ST: S'pore debt levels 'among highest in Asia'

[CityFarmer]

Is 151% of annual income a lot?

Most of the debts (111%) are mortgage loans, which are payable over 20-30years. Taking 25years average, that will mean 4% of the annual income need to be paid annually for mortgage.

Another bulk will likely be on car, say the rest 40%. And before the new ruling, it is payable over 10years, which is another 4% annually.

Total will be just 10% of annual income need to be used to pay for debts. Not really a lot.

Is 151% of annual income a lot? The real test is after situation turning bad e.g. loss of income IMO.