Australian household debt is high compared to other countries and has increased dramatically since the 1980s. In many ways, this is seen as Australia’s Achilles’ heel. So, what’s driven this rise over the years? And is it like what it seems on the surface?AMP’s Chief Economist, Dr. Shane Oliver, returns to cut through the noise and offer his thoughts on another important economic topic.This episode of Oliver’s Insights is part of AMP’s Simplifying Investing podcast series. Subscribe now to stay up to date on all the latest insights from Dr. Oliver and our many experts.Important information:This podcast is general in nature and hasn’t taken your circumstances into account. It’s important you consider your personal circumstances and speak to a financial adviser before deciding what’s right for you. Any general tax information provided is intended as a guide only. Remember the value of investments may go up or down and you may not get back the amount you invested. The opinions and views featured in this podcast reflect the individual’s own. Date of publication 29 June 2022. AWM Services Pty Ltd ABN 15 139 353 496, AFSL No. 366121, part of the AMP Group.