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The household balance sheet in Australia

Author

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  • Australian Treasury

    (Treasury, Government of Australia)

Abstract

Australian household wealth has increased in recent years, despite higher debt levels. In other words, the value of household assets has risen substantially more than household debt. The higher debt levels partly reflect the benefits of low inflation in contributing to improved housing affordability and access to finance. Household debt increases do not appear to have resulted in enhanced financial difficulties at an aggregate level.

Suggested Citation

  • Australian Treasury, 2001. "The household balance sheet in Australia," Economic Roundup, The Treasury, Australian Government, issue 4, pages 65-76, December.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2001_4_1
    as

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    File URL: http://archive.treasury.gov.au/documents/108/PDF/6_house.pdf
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    More about this item

    Keywords

    consumer debt; household income; personal income; wealth;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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