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Average value of personal debt in Australia 2020, by generation

Average value of personal debt in Australia as of November 2020. by generation

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Release date

December 2020



Survey time period

November 2020

Number of respondents

2,046 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source defines generations as follows:

Gen Z are those 18 to 25 years
Millennials are those 26 to 40 years
Gen X are those 41 to 55 years
Baby Boomers are those 56 to 74 years.

Original question: "Excluding a home or investment property loan, what is the total value of personal debt that you have? (eg. car loan, personal loan, credit card debt, HECS/FEE HELP, Afterpay etc.)"

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