Debt takeup by households remains flat
Debt takeup by households remains flat Updated: 14:26, Tuesday January 29, 2013 Australians appear to be swapping credit for savings, with a recent study showing intention for taking on debt at a three-year low.
HOUSEHOLD debt fell for the first time in nearly five years, while the broadest measure of domestic consumption shrank at its fastest pace since 1999 in the second quarter of this year, the Reserve Bank said yesterday.