Australian people sliding into bankruptcy.

  1. 17,388 Posts.

    Tinkering around the edges and pumping up the economy with government projects built from borrowed money is just going to make this deeper.
    Once Australia could build their own roads but now we cant afford to. Once we owned all our own utilities and the CBA but now we cant afford to and governments just gave our ownership rights away without so much as a referendum on it.

    Households wealth drops $260b in just three months as debt hits a record 200pc of income
    By business reporter Stephen Letts
    Updated yesterday at 7:39pm

    If you felt a bit poorer at the end of last year, you're not alone — Australian households dropped a lazy quarter of a trillion dollars in wealth in the three months leading up to New Year's Day.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.