Macro Breakdown: Houston we have a household debt problem

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In today’s Macro Breakdown I discuss why I believe that Australia’s household debt load – ranked second highest in the world – poses a problem for the Australian economy in the era of rising interest rates.

The video showcases recent data on household debt, debt repayments and mortgage rates as provided by official sources and shows some basic sensitivity analysis of what would happen if mortgage rates rose as forecast by economists and markets.

The Macro Breakdown series, which I plan to deliver several times a week, will reside on my YouTube channel at Leithvo.

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.