At the same time, the household sector is also dealing with higher levels of debt relative to income. (rba.gov.au)
This is the reverse of the pattern that was observed in the 1980s and, as a result, the business sector generally is in good financial shape with low levels of debt. (rba.gov.au)
My contention is (aside from ethical issues) that when there is a high level of debt in an economy, that efforts to stimulate fail. (alephblog.com)