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Danish Families in Mortgage Arrears - Part 2

The high debt of Danish families has caused some concern as to whether the families will be able to service their debt, especially if the Danish economy is affected by another serious downturn. The article examines the extent of mortgage arrears among Danish families. The analyses show a clear relationship between a family's finances and the probability that the family will fall into arrears. However, mortgage arrears are very rare, even among families whose finances are under pressure. The results indicate that even a severe setback for the Danish economy would cause only a slight rise in the number of families in arrears.