Cashless Aussies are resorting to stealing and looting.
Consumers are actually leasing dogs.
#Retail #Shopping #HeiseSays Australians have spent big on Christmas and gone into debt. References One in three Australians start 2020 with a ‘Christmas debt hangover’ https://www.news.com.au/finance/money/costs/one-in-three-australians-start-2020-with-a-christmas-debt-hangover/news-story/1bcd02b3c7a51da4a2204bbf5e47cb0a
Consumer confidence has fallen.
Discretionary spending has fallen and household saving is climbing. Looks like people are worried and getting prepared.
The retail recession has claimed fashion brand Bardot, with potentially 800 jobs at risk.
#Woolworths #Economy #HeiseSays Woolworths has underpaid 5700 employees. Will we hear more stories as the retail recession growes? References https://www.news.com.au/finance/business/retail/woolworths-underpays-staff-300-million/news-story/20d62c31d3dec7f5157889453cfdbffc
#Australia #Economy #Depression Let’s look at the numbers and see if Australia meets Keynes’ definition of a depression. References
#Economy #Recession #Consumption Consumers are being blamed for worsening economic conditions. But can people be blamed because while our costs of living have increased wage growth has been virtually non-existent? https://youtu.be/cjZK4gd9pSM References How a consumer go-slow and a pile of debt is killing the economy https://www.abc.net.au/news/2019-09-08/economy-grinds-down-as-consumers-keep-their-wallets-shut/11487524?section=business
#InterestFree #Debt #Retail People are being caught out with fees and transaction charges on Interest-Free retail purchases. https://youtu.be/aYI2aEJu9nw References Sydney man slugged with huge hidden fees in ‘buy now, pay later’ offer https://www.news.com.au/finance/money/costs/sydney-man-slugged-with-huge-hidden-fees-in-buy-now-pay-later-offer/news-story/2471cf40421b59ce0ae6bd793c4037c7