Households are in financial trouble – we discuss the latest reports.
Go to the Walk The World Universe at https://walktheworld.com.au/
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Households are in financial trouble – we discuss the latest reports.
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with journalist Royce Kurmelovs, author of “Just Money”, a newly published book which examines how Australians became some of the most indebted people in the world.
Fair disclosure, I was interviewed by Royce as he researched the subject.
Amir Sufi is the Bruce Lindsay Professor of Economics and Public Policy at the University of Chicago Booth School of Business. His research on household debt and the economy forms the basis of his 2014 book, co-authored with Atif Mian: House of Debt: How They (and You) Caused the Great Recession and How We Can Prevent It from Happening Again.
We look at the latest stats to compare Australian household debt with a battery of other countries. Not pretty. given the drive to encourage people to borrow yet more….