'The only light would be if I drop dead': inside Peter's debt 'heartache'

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In a small town in country Australia an elderly man is praying he won't live to 91, like his father. He doesn't have the money, and it feels like debt is closing in on him.

Peter has asked not to be identified as he shares his story of significant personal debt, which comes in the form of loans and a credit card."My allowance is $300 a fortnight, the rest goes into the budget of planning when the amenities come in. If I go over that $300, then something goes.""There's no light, the only light would be if I drop dead and that would be a lifesaver.

The same proportion of rural Australians are having trouble making ends meet generally, compared with 27 per cent of people in inner metro areas. Debbie-Ann Wilmot, who owns a gift shop in Stanthorpe, said the drought had robbed her community of much of its income.

 

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