Did we learn nothing from the GFC?

A global survey of debt shows Australia in the middle of the pack overall, but with exceptionally high debt in the household sector.

It’s been six years since Lehman Brothers collapsed and households and businesses throughout the developed world scrambled to pay-down or write-off existing (and often toxic) debt burdens. During those six years, you might be tempted to think that the global community has been weaned off its reliance on debt, but that’s far from the truth.

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