The dominoes in the Australian economy are stacked in line and one can easily topple several others.CEO of debt help service WayForward David Berry says a "looming monster" of debt has been growing during COVID-19Rental reductions and repayment extensions have helped the Australian economy to keep functioning during COVID-19 and have kept our debts at bay.
"On our last paycheques, both me and Dee sat down and figured out what we could afford; or how we could move forward and how we could actually survive this," he said. "They were happy to do that for six months, we're just all in limbo waiting to see what happens in September," she said. "We were able to execute that loan deferral very rapidly, that gave us the ability to make decisions to help the tenants, to be honest," he said.A limit on how long banks can keep deferring repaymentsAustralian banks' capital buffers against bad debts have improved a lot since the Global Financial Crisis.
Are they all from the non-Aboriginal community of Australians since first contact by foreign white British demon Captain Cook? Ethnic Europeans and Asians?