1. Foriegn Debt
We are living beyond our means and spending money we don't have. Foreign ownership is also a cause of foreign debt, money made in Australia is sent overseas instead of being invested back into the Australian market. ... This will also increase the interest payments. ... This may also increase the standard of living as less money is diverted from consumption. ... An average increase of $1000bn a year, Australia however has an annual increase of approximately $17bn. ...
- Word Count: 1354
- Approx Pages: 5
- Grade Level: High School