Australia now have the highest household debt in the world

The housing boom is about to end, and for many Australians – both homeowners and investors – it’s going to end in tears. While you think you’ve heard this all before, remember we now have the highest household debt in the world. Worse still, we have become so blasé about the way we borrow money, we’ve forgotten the consequences – most importantly, that we need to pay it back.
60 Minutes
http://www.9jumpin.com.au/show/60minutes/stories/2016/home-groans/