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flag Australian households are paying down debt faster and saving more, with debt at a 10-year low.

flag Australian households are reducing debt and increasing savings, with Commonwealth Bank CEO Matt Comyn reporting that 87% of the bank’s home loan customers are ahead of their repayment schedules, averaging 35 payments in advance. flag This trend, linked to stronger-than-expected economic growth and improved financial health, reflects broader financial resilience and a shift toward cautious spending and proactive debt management. flag Household debt has reached its lowest level in over a decade, signaling improved balance sheets and greater financial stability across the nation.

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