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Fair Comment. Though for me, the top 10 ASX comparison (which included the Big 4) was a more salient one. Who says they don't? I don't like the major banks myself (and I have worked for two of them). And I do wish more consumers would vote with their feet (I now bank with a...

Or, the simplest answer.... the interest rate?

and.... SIZE OF HOUSEHOLD INTEREST COMPARED WITH INCOME (Interest Payments as a % of Gross Disposable Income) See: ABS Australian Household Trends 2014

BV - some ABS graphs for you to chew over (since I know how much of a fan of ABS statistics you are) REAL HOUSEHOLD DEBT PER PERSON SIZE OF HOUSEHOLD DEBT COMPARED WITH ASSETS SIZE OF HOUSEHOLD DEBT COMPARED WITH ANNUAL INCOME SIZE OF HOUSEHOLD DEBT COMPARED WITH ANNUAL INCOME...

There is some truth in that - Secret to big bank profits In free, private markets, lower expected risks come with lower required returns. Yet in banking, this is inverted: the bigger and less risky regulators think you are, the more risk you are (ironically) allowed to take, which engenders...

Closed to new liabilities in 2010. That aside, the RBA has long had a duty to protect the stability of the financial system - the power to act is always out there (the deposit guarantee just made it more explicit and put some limitations on it). And if the proverbial ever hit the fan again...

True. My post was only half the story. As this little fable (which I actually forgot I had posted on another forum) demonstrates - It all started with my friend John. He had $100, and I had a nice big safe, so he asked me to store it for him. Next thing I know, my friend Bob asked me if he...

Does it matter to the individual? Yes, sure - until such time as it is repaid or written off. To Australia as a whole? No. Well, assuming a heap of people don't bunk out on their debt at the same time such as the sub-prime mortgage crisis in the US. Yeah, see we have...