General
Household Debts and Assets Hit Record Highs
Each quarter the Reserve Bank (RBA) publishes household finances data which look at the ratio of household debts and assets to disposable income. The latest data shows households are becoming more indebted at the same time as the value of their assets are increasing.
According to the RBA, the ratio of household debt to disposable income was recorded at 193.7% at the end of June 2017. The ratio sits at a record high having increased by 2.0% over the quarter and by 3.9% over the year….
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