Amused to Debt

Now I am not a financial expert at all, and so the values here may be inaccurate, but they are the best that I can find and I think highlight what a huge problem debt is to Australia.

The total household debt in Australia is currently about $650 billion or over $32,000 per person. In 1992, the ratio of household debt to income was 56%, in 2002 it was 125%. It is now over 150%. Continue reading