Countries like Australia tend to have a lot of personal debt. Much of this occurs borrowing from financial institutions, like the big banks.

Much of this is due to loans for our --housing, personal loans, business --loans, etc.
More Aussies are also getting into trouble due to company's offering pay-later.. opportunities.
Company's like ZIP-PAY...
If you don't pay on-time then that also incurres a fee.

Should we be worried about this level of personal debt?