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Will payday loans and the pandemic bring on a 'debt tsunami'?

Concerned woman with bills

Australia’s first recession in 29 years has financial counsellors busy taking calls from people who have never faced debt problems, and there are concerns debt amid the pandemic may provoke serious mental health concerns.


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Updated

By Amy Chien-Yu Wang

Presented by Margarita Vasileva

Source: SBS



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Australia’s first recession in 29 years has financial counsellors busy taking calls from people who have never faced debt problems, and there are concerns debt amid the pandemic may provoke serious mental health concerns.



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