The turnaround in the property market has boosted Australians’ wealth levels. But the cost of living means they are spending more than they earn.
Australia’s high level of household borrowing could pose risks to the economy as late payments tick up according to the country’s financial regulators.
Fewer Australians will be able to look forward to a debt-free retirement,despite increasing property values and super balances.
Australia’s biggest credit companies intend to tighten their approval criteria following an increase in the number of borrowers doing it tough.
As costs have risen,I can no longer afford the oysters and designer linens. It feels like I’m in the midst of genteel poverty.
Most Australian borrowers are managing financial stress,but rather than a disaster averted it’s evidence that the sky was never falling.
It’s hard to see why a government that tries not to walk past social problems without trying to fix them feels so bound to hold the line on Stage 3 tax cuts.
Managing debt is like eating an elephant:you should do it one bite at a time. Our finance gurus share their debt-busting tips.
Cost of living is expected to be a key focus for the new premier,who is pitching herself as a leader who will deliver for households feeling financial pain.
You are not alone – there is high demand from Australians checking their credit scores.
The world’s governments,businesses and households owe a record $367 trillion,with calls growing for governments to help cut debt levels.