Debt

Australian personal debt is 3 times higher than government debt. We keep being told how bad our government debt is, we have to get back to surplus, but this debt is generally for good stuff like education and health (and bad stuff like offshore detention) etc, not flat screen TVs, mobile phones and status symbol cars.

Our credit card debt alone is $32 billion. What this means nobody really knows but hope the interest rates do not go up.

 

14-09-16-debt
Debt: Mickey: 14-9-2016
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s