One in 5 Baby Boomers to retire with mortgage debt | afr.com – The Australian Financial Review

Baby boomers who have shelled out a collective $200 billion over the course of their lives to help their adult children and other family members cover expenses like housing, weddings and healthcare are putting their own comfortable retirement at risk according to a new survey. A white paper commissioned by one of Australia’s largest superannuation…

Federal budget 2017: Reporting shake-up sparks debt spree concerns – The Sydney Morning Herald

Leading economists have expressed unease about a budget change that would allow the government to all but eliminate the deficit within two years while borrowing to help build projects including a rail link to Sydney’s second airport and a rail line from Melbourne to Brisbane. The change, unveiled by Treasurer Scott Morrison on Thursday, will prioritise a…