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Household debt

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'A problem for one is likely a problem for all': RBA sounds Australian debt warning

'A problem for one is likely a problem for all': RBA sounds Australian debt warning

Australian households and the financial system are over exposed to an economic shock, the central bank has warned.

  • by Eryk Bagshaw

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Banks taking 'tick-box' approach to reverse mortgage risks: ASIC

Banks taking 'tick-box' approach to reverse mortgage risks: ASIC

Banks have been granting reverse mortgages that risk eroding retirees' wealth without checking how they'll afford future costs such as aged care, the corporate cop says.

  • by Clancy Yeates
'Tipping point': One in 10 spending more than their income

'Tipping point': One in 10 spending more than their income

A quarter of Australian households have less than $1000 in savings.

  • by Eryk Bagshaw
State writes off $4 million of unpaid debts in the past year

State writes off $4 million of unpaid debts in the past year

Growth of unpaid debt has slowed, rate of debt finalisation has lifted says Treasurer.

  • by Alison Brown
We have debts to pay before we give ourselves tax cuts
Opinion
Opinion

We have debts to pay before we give ourselves tax cuts

The central claim of this year’s budget is that we can have our cake and eat it. But can we?

  • by ROSS GITTINS
'Wolf of Wall Street' isn't paying his debts, US says
Leonardo Dicaprio

'Wolf of Wall Street' isn't paying his debts, US says

Jordan Belfort isn't just a con, but also a deadbeat, prosecutors say, and they want him to pay up.

  • by Patricia Hurtado & Christie Smythe
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Pay down debt don't fritter dough on tax cuts
Opinion
Opinion

Pay down debt don't fritter dough on tax cuts

I still remember a man standing in front of my mother wanting to repossess our fridge - I've been wary of debt ever since.

  • by Harold Mitchell
Interest-only mortgage holders face $7000 a year hit: RBA
Property prices

Interest-only mortgage holders face $7000 a year hit: RBA

The RBA says borrowers with a typical interest-only home loan face a $7000 jump in their annual mortgage costs when their interest-only period ends.

  • by Clancy Yeates
The $211 trillion problem: IMF sends warning about record global debt
Sharemarket

The $211 trillion problem: IMF sends warning about record global debt

The world's ballooning debt levels have the IMF concerned.

  • by Andrew Mayeda
Nicole helps… choose the best balance transfer credit card
Q&A
Ask an expert

Nicole helps… choose the best balance transfer credit card

Personal finance expert Nicole Pedersen-McKinnon answers your questions.

  • by Nicole Pedersen-McKinnon