Squiz Shortcuts: Why is Australia $1 trillion in debt?
A few weeks ago Australia’s national debt reached $1 trillion for the first time - which sounds like a lot - but it happened at about the same time the US notched up US$40 trillion. So in this Squiz Shortcut - we’ll have a look at what’s going on with Aussie debt, how what’s happening in the US impacts us here, and what this all means for our economy.
Squiz Recommends:
Reading: This story in The Conversation explains how Australia’s debt piled up (with helpful graphs and charts).
Listening: This episode of Rethink by the BBC looks at the power of the US dollar and how it’s changed over recent…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.