GOOD DEBT, BAD DEBT, TERRIBLE DEBT
Apr 28, 2022
3 minutes
STORY PAUL CLITHEROE
![moneyau2205_article_040_01_01](https://article-imgs.scribdassets.com/4ojn7y1eo09rirwg/images/fileQN2482I1.jpg)
THE WORLD OF DEBT has changed dramatically over the past few decades. It is hard to believe that the first widely available credit card in Australia was Bankcard, which only launched in December 1974. This was a very good thing for me and those born also around my birth year of 1955. It meant we could only spend money we had.
To younger readers, this will sound like the age of dinosaurs. But as I started university in 1974, my parents
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