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.


Debt: Mickey: 14-9-2016

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