{"id":11131,"date":"2014-10-15T18:44:31","date_gmt":"2014-10-15T22:44:31","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=11131"},"modified":"2014-10-15T18:44:31","modified_gmt":"2014-10-15T22:44:31","slug":"why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/","title":{"rendered":"Why Australian Consumers Are Happy With Their Finances But Aren&#8217;t Spending | Business Insider"},"content":{"rendered":"<p>From Greg McKenna:<\/p>\n<blockquote><p>There is a lot of focus on the wealth of Australians through property and super but many Australian households and Australian households in aggregate are still carrying a large amount of debt. A stock of debt which must be repaid with a flow of earnings no matter how wealthy they might be on paper.<\/p>\n<p>So consumers are more confident about their finances and their financial future but they aren\u2019t spending &mdash; yet.<\/p><\/blockquote>\n<p>Something that puzzles me is why household debt as a percentage of disposable income is constant. If consumers have accelerated their credit card and mortgage debt repayments, surely this figure should be falling.<\/p>\n<p>Read more at <a href='http:\/\/www.businessinsider.com.au\/heres-the-best-explanation-of-why-australian-consumers-are-happy-with-their-finances-but-arent-spending-2014-10#social'>Here&#039;s The Best Explanation Of Why Australian Consumers Are Happy With Their Finances But Aren&#039;t Spending | Business Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Greg McKenna: There is a lot of focus on the wealth of Australians through property and super but many Australian households and Australian households in aggregate are still carrying a large amount of debt. A stock of debt which must be repaid with a flow of earnings no matter how wealthy they might be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why Australian Consumers Are Happy With Their Finances But Aren&#8217;t Spending | Business Insider&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,45],"tags":[290,800,1726,3041],"class_list":["post-11131","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-debt-levels","tag-australia","tag-consumption","tag-household-debt","tag-saving"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Australian Consumers Are Happy With Their Finances But Aren&#039;t Spending | Business Insider - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Australian Consumers Are Happy With Their Finances But Aren&#039;t Spending | Business Insider - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Greg McKenna: There is a lot of focus on the wealth of Australians through property and super but many Australian households and Australian households in aggregate are still carrying a large amount of debt. A stock of debt which must be repaid with a flow of earnings no matter how wealthy they might be &hellip; Continue reading &quot;Why Australian Consumers Are Happy With Their Finances But Aren&#8217;t Spending | Business Insider&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-15T22:44:31+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Why Australian Consumers Are Happy With Their Finances But Aren&#8217;t Spending | Business Insider\",\"datePublished\":\"2014-10-15T22:44:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\"},\"wordCount\":145,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Australia\",\"consumption\",\"household debt\",\"saving\"],\"articleSection\":[\"Australia &amp; NZ\",\"Debt Levels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\",\"name\":\"Why Australian Consumers Are Happy With Their Finances But Aren't Spending | Business Insider - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2014-10-15T22:44:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/10\/15\/why-australian-consumers-are-happy-with-their-finances-but-arent-spending-business-insider\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Australian Consumers Are Happy With Their Finances But Aren&#8217;t Spending | Business Insider\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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It isn't just that household debt relative to disposable incomes has reached a record high of 189 per cent, it's that households' ability to service that debt is potentially\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13715,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/01\/03\/household-debt-indicates-confidence-improving\/","url_meta":{"origin":11131,"position":1},"title":"Household debt indicates confidence improving","author":"ColinTwiggs","date":"January 3, 2014","format":false,"excerpt":"Good news for the US economy is that household credit has started to grow, recovering above zero after a protracted contraction. Not only does this indicate a recovery in consumer confidence, but it will fuel additional expenditure and stimulate income growth. The ratio of household debt to personal disposable income\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"US Household Credit Growth","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/hhcredit-growth.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/hhcredit-growth.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/hhcredit-growth.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":38974,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/11\/22\/australias-debt-end-game\/","url_meta":{"origin":11131,"position":2},"title":"Australia&#8217;s debt end game","author":"Colin Twiggs","date":"November 22, 2022","format":false,"excerpt":"We are nearing the end of a thirty year bull market in credit, during which time the overnight cash rate in Australia fell from 18% in 1989 to 0.03% in 2021. Low interest rates enabled households to borrow more relative to their income, with housing debt expanding 4.5 times, over\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5855,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/28\/australia-household-debt-crisis\/","url_meta":{"origin":11131,"position":3},"title":"Australia: Household debt crisis","author":"Colin Twiggs","date":"October 28, 2012","format":false,"excerpt":"A few days ago I mentioned that Australia is in a housing bubble. The easiest way to gauge this is to compare Australian household debt\/disposable income (DPI) to the US peak before the global financial crisis. After all, household debt is the fuel for a housing bubble. Australia's current ratio\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42078,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/05\/17\/strong-retail-sales-and-improving-consumer-outlook\/","url_meta":{"origin":11131,"position":4},"title":"Strong retail sales and improving consumer outlook","author":"Colin Twiggs","date":"May 17, 2023","format":false,"excerpt":"Strong real retail sales in the US, with inflation-adjusted monthly sales holding above the pre-pandemic trend (dotted line). Household finances are improving, with the NY Fed Survey showing an April decline to 30.5% in respondents who considered that they were \"somewhat worse off\" than a year ago, compared to 38.6%\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Real Retail & Food Services Sales","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-05-16-real-retail.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8122,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/17\/canadian-housing-bubble-looks-ripe-for-popping-toronto-star\/","url_meta":{"origin":11131,"position":5},"title":"Canadian housing bubble looks ripe for popping | Toronto Star","author":"ColinTwiggs","date":"July 17, 2013","format":false,"excerpt":"Adam Peterson writes the Canadian housing bubble is headed for a \"slow-motion\" crash: My gravest concern is that Canada is fast approaching a 5:1 home-price-to-income ratio, a benchmark achieved by the U.S. at the peak in 2006. Since the correction, the U.S. ratio now hovers at approximately 3:1.To compound the\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=11131"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/11131\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=11131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=11131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=11131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}