Assessment of Czech Household Indebtedness in the period 2012-2022

This thesis deals with the issue of Czech household debt in the period 2012-2022, focusing on selected factors that influence debt decisions. The aim of the thesis is to test the hypotheses of whether households were less indebted during the period of the Czech National Bank's restrictive monetary policy and whether people with a higher level of educational attainment were less indebted than people with a lower level of educational attainment. The theoretical part of the thesis explains concepts and economic theories related to consumption and savings decisions, characterizes selected credit products, mentions the consequences of debt and possible prevention of debt traps. The practical part analyses the debt progression and structure in the period under review, the causes of rising debt, and its impact on GDP. The analysis of debt during the period of restrictive monetary steps then rejects the hypothesis that households were less indebted during this period. Furthermore, the practical part consists of an analysis of the data obtained by the questionnaire survey. Using the chi-square test statistical method, a causal relationship between debt decision-making and gender, marital status, economic activity, and income level is proved. On the other hand, the causal relationship is not proved for the relationship between debt and educational attainment, thus rejecting the hypothesis that people with a higher level of education have less debt than people with a lower level of education.