Australian Bureau of Statistics

Rate this page
ABS Home > Statistics > By Catalogue Number
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
4102.0 - Australian Social Trends, 2014  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/05/2014  Final
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product
6 May 2014
Embargo: 11.30 am (Canberra time)

Growth in household debt has slowed since the GFC

The amount of household debt per person is higher than at any time in the last 25 years. However debt needs to be considered within the context of numerous economic factors, according to the latest Australian Social Trends (AST) report released by the Australian Bureau of Statistics (ABS).

ABS Director of Social and Progress Reporting, Mr David Skutenko, said the level of household debt at the end of 2013 was $1.8 trillion, equivalent to $79,000 per person."

The relative size of household debt can be considered against the value of household assets and household income.

"Household debt has increased nearly twice as fast as the value of household assets over the last 25 years.

"However, the rate of increase in household debt per person in Australia has slowed since the Global Financial Crisis, from an average 10 per cent per year between 2001 and 2007, to two per cent per year between 2007 and 2013."

Another aspect of household debt is the amount of interest which is paid on that debt.

"Although the amount paid by households in interest compared with household income is higher than at most other times in the last 50 years, it was lower than its highest point in 2008," said Mr Skutenko.

Further details are available online in Australian Social Trends at

Media note
  • Debt needs to be considered within the context of numerous economic factors.
  • When reporting ABS data the Australian Bureau of Statistics (or ABS) must be attributed as the source.
  • Media requests and interviews - contact the ABS Communications Section on 1300 175 070.

Bookmark and Share. Opens in a new window

Commonwealth of Australia 2016

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.