Australian Household Debt Statistics To Be Aware Of In 2022
Australia has one of the highest household debts in the world, estimated at a staggering 119.30% of the country’s GDP. Why is Australian household debt so high and what contributes the most to the rising levels of debt in the country? Let’s find out. 7 Shocking Facts and Stats on Household Debt in Australia The average Australian household owes an estimated $250,000. Nearly two-thirds of households in Australia are in debt....