Senate debates

Tuesday, 7 November 2006

Questions without Notice

Household and Personal Debt

2:17 pm

Photo of Anne McEwenAnne McEwen (SA, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. Hasn’t the Reserve Bank also found that on average an extra $1,255 is being put onto every credit card in Australia every month? Won’t the amount of spending put onto credit cards increase even further in the lead-up to Christmas? How could the Prime Minister be so out of touch as to invite another interest rate hike that will make it even harder for families to pay off their credit card debts?

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