4 ‘hardship’ stocks to consider

Financial Journalist
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The Reserve Bank chart below on household debt should be stuck on every policymaker’s desk. The data shows extraordinary growth in debt relative to income over three decades.

As other countries had a plateauing of debt after the 2008-09 GFC, ours raced higher because of rising house prices and the need to borrow more to buy a property.

Australian households are now among the world’s most indebted relative to income – and among the most vulnerable to house-price falls and rising interest rates.

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