Financial Hell: 57% in Australia Cannot Afford An Extra $100 if Interest Rates Rise, Stress in Wealthiest Areas
Stress has turned up in even the wealthiest cities.
But who is truly wealthy? Paper profits on homes with enormous mortgages does not constitute wealth.
A staggering 57% of mortgage holders could not handle a $100 increase in their loan repayments, according to new research by Finder.com.au.