Person
James O'Brien
Report
Where does the buck stop? Community attitudes to over-lending and over-spending
Australia's love affair with easy credit has turned on itself. In early 2008, the price of credit reached its highest point in 14 years, following 12 successive interest rate rises since 2001. With the domestic economy overheating, and home buyers feeling the economic pain associated with higher interest rates and inflation, consumer debt has become...