Former Treasurer, The Hon. Peter Costello AC laid out a shocking statistic to our ARC Australia audience:

In Australia in 2008 the net debt per capita was negative, -$2093. Today, that figure stands at $13204.

This is a result of a long period of government overspending, and means that the generation today is still servicing the debt of the previous generations.

Peter Costello's call to action was this: “If you want young people to have a good start in life, give them a DEBT FREE start."