Alan
to put it simple. to buy stuff you need wages
to get wages you need jobs
to have jobs people need to spend
the more debt people carry the less they spend
the less people spend the less jobs are created
the less jobs created the less money people have
the less money people have the less they can spend.
think about it..... House prices so high has put people in so much debt its killed peoples spending, which has killed Australian jobs needed to employ people to keep house prices up...
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