Australians cut spending & lean on credit as costs bite

Australians are becoming increasingly strategic about their retail spending

Australians are becoming more strategic about their retail spending as cost-of-living pressures hit, according to new research. Findings from Experian’s Spend Index Report reveal that only 33 per cent of consumers surveyed feel optimistic about their household finances this year, with more than three-quarters (77 per cent) of Australians reporting changes to their financial behaviour.   Against that backdrop, four in 10 had delayed their purchas…

Australians cut spending & lean on credit as costs bite

Household finances are under growing strain as more Australians dip into savings, cut discretionary spending and lean on credit for essentials.