Average value of personal debt in Australia 2023, by generation

Published by Statista Research Department, Apr 3, 2024

According to a 2023 survey among over two thousand Australians, Gen Z representatives were the most indebted, with an average personal debt of around 11.3 thousand Australian dollars. The next closest generation, Millennials, had an average debt of almost 11 thousand. The national average personal debt was approximately 8.98 thousand Australian dollars.

Average value of personal debt in Australia in 2023, by generation (in Australian dollars)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

December 2023

Region

Australia

Survey time period

November 2023

Number of respondents

2,072 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source defines generations as follows:

Gen Z are those 18 to 25 years
Millennials are those 26 to 40 years
Gen X are those 41 to 55 years
Baby Boomers are those 56 to 74 years.

Original question: "Excluding a home or investment property loan, what is the total value of personal debt that you have? (eg. car loan, personal loan, credit card debt, HECS/FEE HELP, Afterpay etc.)"

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Generation Z in Australia "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Generation Z in Australia

Global overview

8

Demographics & personal life

8

Online behavior

7

Consumption behavior

5

Finances

7

Further related statistics

17

Further Content: You might find this interesting as well

Statistics

Topics

Generation Z in AustraliaMillennialsWomen in AustraliaGeneration Z in the United StatesDemographics of Australia
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.
Menu