Households hit by growing 'debt stress' as low wages, weak labour market bite

By Clancy Yeates
Updated August 1 2016 - 2:03pm, first published 2:00pm
Household debt is at a record high, leaving some borrowers vulnerable to weak wage growth.
Household debt is at a record high, leaving some borrowers vulnerable to weak wage growth.

The share of households who believe they will be unable to service their debts has risen significantly, a new survey suggests, as many struggle to get enough hours at work and wage growth stagnates.

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