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Australian households now have $2.15 Trillion in Super; Households have debts of $1.84T
Topic Started: 24 Nov 2016, 04:48 PM (3,164 Views)
Rufus
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Australia households now have a massive $2.15 Trillion in the Superannuation accounts.
By contrast the most recent Household debt figure I could find is $1.84T


Link to Superannuation

Link to Household debts

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APRA has released the latest superannuation statistics to September 2016. Total superannuation assets are worth $2,145.6 billion up +7.4% in the past year. Of this, $1,330.5 billion are in entities regulated by APRA, up 8.7% in the past year.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Interesting note in the Household Debts link.

Quote:
 
Rising household debt has been only partly matched by the increase in the value of household assets. Over the past 25 years, household debt has increased nearly twice as fast as the value of household assets.


But you told us that for every debt there is a corresponding Asset........Doesn't look like that Corresponding Asset is of the same value........



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Rufus
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Simon_S
24 Nov 2016, 04:57 PM
Interesting note in the Household Debts link.




But you told us that for every debt there is a corresponding Asset........Doesn't look like that Corresponding Asset is of the same value........


Good to see that you were listening.

Now all we have to do is teach you to think and understand.

Oh crap.....
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rastus2
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Rufus
24 Nov 2016, 04:48 PM
Australia households now have a massive $2.15 Trillion in the Superannuation accounts.
By contrast the most recent Household debt figure I could find is $1.84T


Link to Superannuation

Link to Household debts

Posted Image

Posted Image

APRA has released the latest superannuation statistics to September 2016. Total superannuation assets are worth $2,145.6 billion up +7.4% in the past year. Of this, $1,330.5 billion are in entities regulated by APRA, up 8.7% in the past year.

Well, that seems great on the face of it, but in the event of any shock to the financial system, the debt remains the same, while many of the assets in Super will take a hit.

Net figure is hardly astoundingly high IMHO.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Simon_S
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Rufus
24 Nov 2016, 05:00 PM
Good to see that you were listening.

Now all we have to do is teach you to think and understand.

Oh crap.....
What no explanation............................

That's not like you Rufus, we all know you can't help yourself.
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Rufus
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Simon_S
24 Nov 2016, 05:10 PM
What no explanation............................

That's not like you Rufus, we all know you can't help yourself.
Can't talk sense to a fool...
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
24 Nov 2016, 05:13 PM
Can't talk sense to a fool...
LOL........That's never stopped you before......

Here it is again......

Quote:
 
Rising household debt has been only partly matched by the increase in the value of household assets. Over the past 25 years, household debt has increased nearly twice as fast as the value of household assets.


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Matthew
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Rastus2
24 Nov 2016, 05:06 PM

Well, that seems great on the face of it, but in the event of any shock to the financial system, the debt remains the same, while many of the assets in Super will take a hit.
Only if the shock is negative.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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Simon_S
24 Nov 2016, 04:57 PM
Doesn't look like that Corresponding Asset is of the same value........


That's correct, the assets have grown in value while the debt has reduced.

At the time the debt is created, there is a corresponding credit to another account. And so more wealth is created and the money supply expands.

Easy pezy.
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Simon_S
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Trollie
24 Nov 2016, 06:36 PM
That's correct, the assets have grown in value while the debt has reduced.

At the time the debt is created, there is a corresponding credit to another account. And so more wealth is created and the money supply expands.

Easy pezy.
Quote:
 
Rising household debt has been only partly matched by the increase in the value of household assets. Over the past 25 years, household debt has increased nearly twice as fast as the value of household assets.


LOL.........

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