RBA Financial Stability Review reveals many borrowers at risk of running out of cash | ABC News
· 23.03.2024 · 03:45:01 ··· ··· Saturday ·· 6 (6)
ABC News (Australia) The Reserve Bank estimates 1 in 20 home-owners with a variable loan rate are spending more than they earn, with debt servicing having risen up to 60 percent in the last two years. Lead economist at Impact Economics & Policy Angela Jackson says that many people are spending more than they earn, essentially going backwards.
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