Not at all surprised, Aussie's have been living well beyond their means for years, no one is prepared to wait/save for anything, we want it now, and to reinforce the fact, this, re kids and smart phones (perhaps dumb parents)
-- Edited by Santa on Monday 16th of March 2015 08:32:32 PM
-- Edited by Santa on Monday 16th of March 2015 08:34:55 PM
hako said
07:31 PM Mar 16, 2015
G'Day Santa, the first link won't work for me but anyway I guess we are awash with debt because of the massive mortgages we have to take to buy a home.
Good articles however.
Regards
rockylizard said
07:53 PM Mar 16, 2015
Gday...
To get it all in some perspective ... this is the amount of debt in Australia - Government debt/Mortgage debt/Personal debt.
It shows that the huge debt this country suffers (enjoys?) is tied up in property. This is why Treasury is worried about the "property bubble" ... should it 'burst' our economy will be in considerable discomfort.
That doesn't detract from the cost (and probably debt) that youth are attracting to their "social media" activities rather than have a "life".
Cheers - John
Santa said
08:36 PM Mar 16, 2015
hako wrote:
G'Day Santa, the first link won't work for me but anyway I guess we are awash with debt because of the massive mortgages we have to take to buy a home. Good articles however. Regards
There was a problem with the link Hako, think I've fixed it.
barrie said
09:10 PM Mar 16, 2015
I for one don't owe ought so how can a goverment say i do when doing there figures on each household debt.
hako said
10:54 PM Mar 16, 2015
barrie wrote:
I for one don't owe ought so how can a goverment say i do when doing there figures on each household debt.
Unfortunately you, I and every other Australian person owes the government's debt, like 20 billion for the new (foreign) subs.
Aus-Kiwi said
04:03 AM Mar 18, 2015
Subs are gov dept.. If people stop spending it brings on other problems ...
http://www.smh.com.au/business/the-economy/australian-households-awash-with-debt-barclays-20150316-1lzyz4.html
Not at all surprised, Aussie's have been living well beyond their means for years, no one is prepared to wait/save for anything, we want it now, and to reinforce the fact, this, re kids and smart phones (perhaps dumb parents)
http://www.theaustralian.com.au/news/latest-news/kids-smartphone-usage-rampant-study/story-fn3dxiwe-1227265068585
And this, most kids no longer help with the house work, wonder who pays for the smart phone? yep, once again the dumb parents.
http://www.theaustralian.com.au/business/wall-street-journal/children-need-chores-to-teach-mastery-responsibility-study/story-fnay3ubk-1227264884813
-- Edited by Santa on Monday 16th of March 2015 08:32:32 PM
-- Edited by Santa on Monday 16th of March 2015 08:34:55 PM
Good articles however.
Regards
Gday...
To get it all in some perspective ... this is the amount of debt in Australia - Government debt/Mortgage debt/Personal debt.
It shows that the huge debt this country suffers (enjoys?) is tied up in property. This is why Treasury is worried about the "property bubble" ... should it 'burst' our economy will be in considerable discomfort.
That doesn't detract from the cost (and probably debt) that youth are attracting to their "social media" activities rather than have a "life".
Cheers - John
There was a problem with the link Hako, think I've fixed it.
Unfortunately you, I and every other Australian person owes the government's debt, like 20 billion for the new (foreign) subs.