Even before COVID-19 hit, Aussie households had become more prudent.
Personal loan growth had plummeted into negative territory:
Mortgage equity injection was running near the highest level in living memory:
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Household savings balloon as Aussies fear recession
Leith van Onselen
Monday 31 August 2020
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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