Credit Card Companies News
Debt Can Be Good Ask Aunt Hilda
Saturday June 19, 2004
Soaring household debt is causing alarm in official circles, but Mark Wooden is here to tell us debt is good: it can make us happy, and not having it makes people miserable. Professor Wooden is no spruiker for banks or credit card companies. He is deputy director of the Melbourne Institute of Applied Economic and Social Research at Melbourne University. His provocative conclusions about debt, revealed at a conference in Adelaide yesterday, are based on findings from the biggest continuing social science su
