Household Debt Up Again

The latest RBA chart pack, released today includes data on household debt. Debt a a percentage of disposable income is up again, to an all time high. This is driven by flat income growth, and ever more home loan borrowing. Even after the May interest rate cut,  interest paid as a proportion of disposable income has risen.

household-finances(1)This is of course an average, and segmented data contains considerable variation.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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