In fiscal year 2020, around 74.6 percent of households in Australia had some form of debt, including mortgages, investment loans, credit card debt, borrowings from other households and other personal and study loans.
Share of households with debt in Australia from financial year 2004 to 2020
Australia's financial year runs from July 1 to June 30 of the stated year; for example, financial year 2021 starts on July 1, 2020 and ends on June 30, 2021.
Method of interview
Telephone interviews and online survey
Supplementary notes
The source defines debt as liabilities; primarily the value of loans outstanding including mortgages, investment loans, credit card debt, borrowings from other households and other personal and study loans.
According to the source, collection methodology for 2019–20 included the introduction of an online form (formally; computer assisted web interview, or CAWI), where the respondent could self report (without interviewer assistance). As a result, estimates may not be directly comparable to previous cycles.
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Australian Bureau of Statistics. (April 28, 2022). Share of households with debt in Australia from financial year 2004 to 2020 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1027539/australia-share-of-households-with-liabilities/
Australian Bureau of Statistics. "Share of households with debt in Australia from financial year 2004 to 2020." Chart. April 28, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1027539/australia-share-of-households-with-liabilities/
Australian Bureau of Statistics. (2022). Share of households with debt in Australia from financial year 2004 to 2020. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1027539/australia-share-of-households-with-liabilities/
Australian Bureau of Statistics. "Share of Households with Debt in Australia from Financial Year 2004 to 2020." Statista, Statista Inc., 28 Apr 2022, https://www.statista.com/statistics/1027539/australia-share-of-households-with-liabilities/
Australian Bureau of Statistics, Share of households with debt in Australia from financial year 2004 to 2020 Statista, https://www.statista.com/statistics/1027539/australia-share-of-households-with-liabilities/ (last visited July 22, 2024)
Share of households with debt in Australia from financial year 2004 to 2020 [Graph], Australian Bureau of Statistics, April 28, 2022. [Online]. Available: https://www.statista.com/statistics/1027539/australia-share-of-households-with-liabilities/
