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00timebandit00

NZ debt per person now at $100K NZD

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Yow.

 

Most concerning is the report of NZ sitting on nearly half a trillion

 

government debt of 163b +

total mortgages 232b +

student debt 14.8b +

consumer loans 15.7b

 

 

What is increasing rapidly is the amount borrowed for real estate (low interest rates + rising perceived "values")

 

http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11651648

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AT least there is some collateral to support real estate debt

 

The government debt, is simply on the backs of the people

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