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Retailers offer ‘rewards’ programs and loyalty cards that can trap customers into a debt cycle. Deborah James

Obligations, repayments and regulations: the debt conundrum in the global South

In the global South, where some argue that "everyone is now middle class", people are reluctant to acknowledge that they need to borrow money – and the stigma drives them to dodge their debts.
Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future. AAP Image/Joel Carrett

FactCheck: was Australia on a debt trajectory heading to 122% of GDP?

Any forecast 40 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.

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