Australian household debt is in a perilous position. Krudd is just incerasing the problems of the policies of Howard. Too much credit and not enough savings. Amazing when you consider that wages increased by so much in the last 10 years.
This chart compares US household debt to Australian levels
http://www.whocrashedtheeconomy.com/householddebt.gif
Luckily I have neither a credit card or mortgage debt.
