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Mountain of Debt

Steigend Verschuldung
Steigend Verschuldung Source: Reserve Bank

Ten years after the global financial crisis, Australians are more indebted than ever, largely because of mortgages.


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By Wolfgang Müller

Source: SBS



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Ten years after the global financial crisis, Australians are more indebted than ever, largely because of mortgages.


Australias debt-to-income ratio concerns many experts because it is globally unusual - and because high household debt frequently coincides with financial crises.

 


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