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.
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