Families paying over $200 per month in bank fees:
Families in Australia are paying more than $200 a month in bank fees/charges, according to research from the Australia Institute.
The Ottawa-based thinktank's 12th annual report, released Thursday, finds that average family debt has hit $100,000 and the debtto-income ratio is 150 per cent, meaning that for every $1,000 in after-tax income they make, Canadian families owe $1,500.