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26 January 2008

Household debt

The Australian economy is booming, but so too our personal debt.

In this age of easy credit and high employment it's perhaps not surprising that we just keep borrowing.

Household debt continues to grow faster than our GDP, and credit card debt alone now exceeds $40 billion.

This interview was first broadcast in 2007.


Guests

Peter Kell
CEO
Choice

Duncan Johnston
Director,
Pax Mortgages

Story Researcher and Producer

Julie Browning

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