Mojo ♻️ on Nostr: Behind the impressive $15.1 billion combined profit for the major Australian banks in ...

Behind the impressive $15.1 billion combined profit for the major Australian banks in their half-year results lies a growing concern: a significant increase in households sinking further into debt, with the situation poised to exacerbate. #ausecon #auspol #ponziEconomics

https://www.theguardian.com/australia-news/article/2024/may/11/a-long-slow-burn-more-australian-households-on-the-brink-as-mortgage-stress-rises