Salvation Army data released during Anti-Poverty Week shows debt is climbing – Bellingen Courier Sun

More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…

New Zealand election: Jacinda Ardern is indebted to Winston Peters and he won’t let her forget it – ABC Online

Jacinda Ardern has pulled off an amazing feat with the help of one of New Zealand’s most unpredictable political warhorses. In just three months, the 37-year-old has taken Labour from an unwinnable election position to the throne of government, in the process, becoming the country’s youngest prime minister since the 1800s. For that, she…

Research Shows Vulnerable Australians Caught in Vicious Debt Cycle – Pro Bono Australia

Vulnerable Australians are drowning in debt struggling to overcome financial woes that are being magnified by attempts to manage the issues via increased debt and gambling, according to new research. Data released by The Salvation Army on Tuesday to coincide with Anti-Poverty Week shows people seeking financial assistance through its Moneycare financial counselling service are…

Credit cards are the most common form of debt | Wingham Chronicle – Wingham Chronicle

More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…

Salvation Army data released during Anti-Poverty Week shows debt is climbing – Great Lakes Advocate

More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…