According to Australian household balance sheet, the largest liability of Australian households is ________.

Question

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According to the Reserve Bank of Australia's Household Balance Sheet, mortgages make up the largest liability of Australian households, accounting for nearly two-thirds of all household debt as of June 2020. Consumer credit, including credit cards and personal loans, is the second largest liability, accounting for around 20% of household debt. Bank loans and gambling debts are much smaller components of household debt.

According to Australian Household Balance Sheet, the Largest Liability of Australian