Squiz Shortcuts: Why is Australia $1 trillion in debt?

A few weeks ago Australia’s national debt reached $1 trillion for the first time - which sounds like a lot - but it happened at about the same time the US notched up US$40 trillion. So in this Squiz Shortcut - we’ll have a look at what’s going on with Aussie debt, how what’s happening in the US impacts us here, and what this all means for our economy. Squiz Recommends:  Reading: This story in The Conversation explains how Australia’s debt piled up (with helpful graphs and charts).  Listening: This episode of Rethink by the BBC looks at the power of the US dollar and how it’s changed over recent decades. SPONSORED - CommBank Next Chapter program offers free and confidential help, even if you don’t bank with them. To listen to the full Future Women’s There’s No Place Like Home series - made in partnership with CommBank Next Chapter. Hosted by Anna Pykett and Andrew Williams Researched by Anna Pykett Got a suggestion for a Squiz Shortcut topic? We'd love to hear it - email us at [email protected] ⁠Squiz Shortcuts⁠ is your back story to the big news stories… Want the email version? Sign up for the free Shortcuts newsletter here.