Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

What the Labor Party does not seem to understand is that Australians are experiencing the most substantial and favourable economic conditions they have probably ever experienced in the history of this country. We have had 16 years now of continuous economic growth. We have living standards higher than they have ever been. We have unemployment at a 30-year low. So no doubt Australians are feeling confident about their finances and about their employment and are prepared to take on greater debt than they might otherwise, especially given that household equity and household balance sheets are stronger than they have ever been.