Australia's Record Household Debt Is A Ticking Time Bomb
by
Tyler Durden
Wed, 08/15/2018
The Australian household debt to income ratio has
ballooned to shocking levels over the past three decades as Sydney is ranked as one of the most overvalued cities in the world.
According to the Daily Mail Australia, credit card bills, home mortgages, and personal loans now account for 189 percent of an average Australian household income, compared with just 60 percent in 1988, as
Callus Thomas, Head of Research of Topdown Charts, demonstrates that record high household debt is a ticking time bomb:
Read more here;
https://www.zerohedge.com/news/2018...alias-record-household-debt-ticking-time-bomb
