HOUSEHOLD debt in the Clarence Valley is reflecting the alarming figures revealed nationally in the latest report on income wealth and expenditure.
Local support agencies like Anglicare and neighbourhood centres are reporting a big increase in the number of people to coming to them for support because they cannot afford to buy food for themselves or their familes.
The Australian Bureau of Statistics Household Income, Wealth and Expenditure Survey found the average amount of debt has almost doubled in the past 12 years – from $94,100 in 2003-04 to $168,600 in 2015-16.
While property debt accounted for most of this numbers in the national figures, local agencies point to big increases in cost of living driving the increa…
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