A Look at Over-Indebted Households

The Household Income and Wealth Survey has determined those households that are over-indebted and those that are not.  The results are not necessarily what you’d expect with higher income households more likely to be over-indebted than lower income ones.

Last week the Australian Bureau of Statistics (ABS) published the 2015-16 results of their household income and wealth survey.  In the survey results they included a section on household debt and over-indebtedness.  The ABS consider a…