Aussies like debt again
Australian households are returning to their debt fueled lifestyles after a year of austerity and paying down their debts. Personal loans and card debts have been rising for the last four months according to the Reserve bank of Australia.
25 per cent of people expect to increase their debt within the next three months according to a survey by Dun & Bradstreet. Economist Shane Oliver from AMP Capital says people are less worried about their jobs and therefore more prepared to take on debt.
Source: Herald Sun