Applause: Aussie households pass debt-to-income double ton

Friday 19 January 2018

Be upstanding for the double ton, via UBS:

Household debt restated upwards

With the release of the National Accounts the Australian Bureau of Statistics (ABS) has been undertaking ‘quality assurance work’ and making a number of revisions to historical estimates. One of the more significant changes was to incorporate new data from APRA for Responsible Superannuation Entities which it begun collecting in June 2016 and first published in September 2017.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.