10m Australians in debt from Christmas

10m Australians in debt from Christmas

The survey revealed almost half (49 per cent) of Australians — equivalent to 9.8 million people — have racked up Christmas debt, and 36 per cent of those will take up to five months to pay off their credit card debt, while at least 8 per cent will take six months or...
Household spending up 11.4% in last 12 months

Household spending up 11.4% in last 12 months

Jacqui Vitas, ABS head of macroeconomic statistics, said that November 2022 was the 21st consecutive month of increased through-the-year total household spending, with most spending categories recording increases. “This latest rise was less significant than previous...
Quarter of SMEs report higher sales in December

Quarter of SMEs report higher sales in December

The latest wave of the SME Sentiment Tracker shows a strong December for SMEs, with 24 per cent reporting a higher turnover than prior to the pandemic and expectations regarding short-term revenues also staying in positive territory despite the anticipated January dip...