A new study has found that Australians are significantly racking up more debts to cope with high inflation compared to last year. According to research by the financial comparison website Finder, an average Australian consumer currently accumulates a debt of $20,238 (US$13,500), up from $18,301 a year ago. This figure does not include mortgages and…
7 in 10 Working Australians Do Not Know Their Credit Score
Over 14 million Australians may have no knowledge of their credit score despite the importance of the financial statistic in people’s daily lives. According to a survey by the financial comparison company Finder, seven in ten respondents did not know their credit score. Further, over 40 percent of those surveyed had never checked their credit…
Over 30 Percent of Aussies Can’t Afford to Travel Overseas: Research
June 13, 2023
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AustraliaAustralia tourismBrightfinderJim ChalmersLifestyleTravelTravel & Discoverytravel overseasUniversity of QueenslandWorld
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Rising living costs and soaring airfares have left one in three Australians unable to afford to travel overseas. New research by price comparison website Finder has found that only about a quarter of Australians can now afford to travel for a holiday, with many cutting back on spending in order to enjoy it. The survey of…
Surging Credit Card Spending Raises Concerns About Australia’s Economy
March 24, 2023
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AustraliaBusiness & Marketscredit card spendingeconomyfinderinflationpersonal financeReserve Bank of AustraliaWorld
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Rising living cost pressures have forced many Australian households to dig deep into their credit cards in the past year, sparking concerns about defaults and other negative economic impacts. According to recent data from the Reserve Bank of Australia (RBA), the total value of credit card transactions reached around $33.5 billion (US$22.38 billion) in January…
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