Money Management Assessment Australians have the world's second-largest household debts. We know it, we worry about
it
, and there is increasing evidence it is changing our way of life. Ninety per cent of the
nearly 55,000 respondents to the ABC's Australia Talks National Survey rated household
debt as a problem for
the nation. On an individual level, 37 per cent are struggling to pay off
their own debts, with almost half of millennials reporting that debt is a problem for them
personally. https://www. abc. net. au/news/2019-10-18/household-debt-l eaves-australians-
working-longer-spending-less/116080 16
From what you have been taught this term on money management you need to write a response on
how Australians can turn their personal debt around and start to build wealth. In your response to
achieve above the standard you need to cover all of the key vocab: Debt, Savings, Loans, Banks,
Credit, Needs, Wants, Assets, Liabilities, Interest.