Australians are drowning in debt with 30% expecting to never be debt-free.
PayPal Introduces “Pay in 4” into Australia.
Desperate Australians are Relying on Credit Cards and Personal Loans to make ends meet.
People are paying off their credit cards at a rapid rate.
CBA wants to keep you in their ecosystem.
Great News! Australians are paying off billions in Credit Card Debt.
Debt consolidation loans are increasing.
#PayDayLoans #Finances #HeiseSays People are complaining about payday lending and accusing them of predatory behaviour. Do we need government intervention or better financial education? References Millions of Australians falling victim to ‘predatory’ payday lenders, report shows https://www.abc.net.au/news/2019-11-12/payday-loans-increasing-single-mums-growing-borrowing-sector/11694908?fbclid=IwAR3kwZ9iW4nxXQfXKGN-zI7uu4QC74TFFykWXtzQLHc5VTOydZyu787-PIM
#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M
#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References