26 Mar 2025 Podcast: Q&A – Average Australian’s Savings, Spending & Debt Levels by Gender, Income & Location

In this episode, we’re diving into a requested topic of the latest Australian debt statistics, unpacking the average debt levels across different generations and debt types.

From the rising prevalence of credit cards and Buy Now Pay Later facilities, especially among Gen Z and Millennials, to the growing impact these debts have on credit scores and home loan applications, this episode sheds light on the financial habits shaping our society. We also share key insights on how to manage credit card debt, why paying off your balance before interest kicks in is crucial, and how lenders view consumer-related debts like BNPL and credit cards.

Whether you’re navigating your first home loan or just trying to understand how debt impacts your financial future, this episode offers valuable tips to protect your credit report and make smarter financial decisions. Tune in for a thought-provoking breakdown of Australia’s debt landscape and how to manage your finances effectively.

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You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at
https://www.everlend.com.au/

There’s plenty more great content to come … so make sure you subscribe now on Apple Podcasts or Spotify so you don’t miss a thing.

You Have My Interest is brought to you by Everlend, a mortgage and finance broking firm built for the purpose of educating and empowering you to make informed financial decisions tailored to your wealth goals. Find out more and book in your free initial consultation at ​​https://www.everlend.com.au/

Get in touch:

Find out more about You Have My Interest at everlend.com.au/podcast and connect with us at podcast@everlend.com.au

You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.

It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.

If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.

Podcast produced with Apiro