The household balance sheet in Australia

Australian Treasury
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Australian Treasury: Treasury, Government of Australia

Economic Roundup, 2001, issue 4, 65-76

Abstract: Australian household wealth has increased in recent years, despite higher debt levels. In other words, the value of household assets has risen substantially more than household debt. The higher debt levels partly reflect the benefits of low inflation in contributing to improved housing affordability and access to finance. Household debt increases do not appear to have resulted in enhanced financial difficulties at an aggregate level.

Keywords: consumer debt; household income; personal income; wealth (search for similar items in EconPapers)
JEL-codes: D12 D14 E21 (search for similar items in EconPapers)
Date: 2001
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