The Australian economy is in uncharted territory. The average household is struggling with record levels of debt and many are repaying massive mortgages each month. At the same time, wage growth is stubbornly low but the cost of living is rising. To top it off, the Reserve Bank is now signalling it will likely raise interest rates. Here's part two of an Alan Kohler special series.

Watch part one here:    • Many getting left behind as the cost ...  

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