In November 1997, Household Debt as a percentage of Household Disposable Income sat at 73.5%. Today it sits at 156%
Household debt as a percentage of household income is up 112% over that period. We might be earning more, but we have heaps more debt. Money doesn't grow on trees.
Considering household debt is what triggered the Global Financial Crisis around the world, the question is, can household debt in Australia reach 330%?
In November 1997, Household Debt as a percentage of Household...
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