Other liabilities
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The category with the lowest coverage ratio is ‘other liabilities’. The main reason for the under coverage of this category is due to the conceptual definition of credit card debt which is mapped to this category. The SFS asks respondents to report the amount of credit card debt still owing on the last bill excluding new purchases, while the NBSA reports the total balance outstanding at a specific point in time.. The difference reflects the fact that many households use credit cards for consumption, but pay off their balance at the end of each period.
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