Debt Relief
Although personal debt is at all-time highs in Australia, and continuing to grow, the government sees the bright side: There’s $5 in assets for every $1 in debt, according to our PM (recently reckoned a very poor Treasurer, when he held the post, by his own Treasurer, Peter Costello; now we can see why). I’m sure it’s true, but I’m also sure that those assets consist largely of the home people are living in, the car they drive, and so forth. My net worth, on paper, has always exceeded my debt. That never meant that I didn’t struggle over bills.