Quote:
Originally Posted by niky
Aussies got too much money. They have to feel a financial pinch to consider buying small.
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Yeah, I just read an article about their remarkable economy: no recessions in over 25 years.
Yet they also have even higher household debt as a percentage of disposable income (
currently near ~200%) than both the U.S. (?) and Canada (~170%).
They're buying the fancy stuff on credit and bypassing the econoboxes.