Aussie Home Mortgage Crisis: No Jobs, No Pay!
10th June 2019: Unprecedented! 2.59 Million Aussies Face Mortgage Stress.
No Jobs, No Pay Mortgage.Not Enough Work, No Pay Home Mortgage.
In Australia, both Unemployment & Under-Employment Are At Record Highs...And Getting Worse.
Australia's Unemployment/Under-Employment Health Table
Category Roy Morgan Res. ABS:
Unemployment: 10.3% 5.2%
Under-Employment: 9.2% 8.5%
Total-% 19.5% 13.7%
-No's 2.59m 1.7m
Sources:
1. Roy Morgan Research-May 2019
2. ABS- March Qtr 2019
Australia Is In Economic Recession. Further Proof-See My Posts.
Prime Minister, Treasurer, RBA Governor, Major Banks-CBA, WBC, ANZ, NAB, Macquarie- etc all in public Denial.
The stark economic, financial, social & stock market consequences for 25m Australians is here, biting harder every day.
Major structural reforms urgently required. No # 1 priority = banking/finance sectors. e.g. Under Westpac Policies, a credit card default, no matter how minor, will trigger mortgage default-say $440,000, resulting in forced sale of family home. Customers lose it all, plus lots more.
- Forums
- Political Debate
- Aussie Home Mortgage Crisis: No Jobs, No Pay!
Aussie Home Mortgage Crisis: No Jobs, No Pay!10th June 2019:...
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online