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Debt's $1 trillion headache

An international study shows Australian households are vulnerable to an economic shock. Debt levels in Australia are among the highest in the world and could expose households to hardship if the miracle economy falters or interest rates rise further, a recent study shows.

Full Story: http://www.smh.com.au/news/planning/debts-1-trillion-headache/2007/08/13/1186857424133.html