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Jun 11 2024 Australian Consumer Stress Barometer – June 2024
SYDNEY; 12 June 2024: NEW data released today by credit bureau, illion, as part of its latest Consumer Credit Stress Barometer, shows credit stress on the rise again, with younger Australians (who are mostly excluded from home ownership) struggling to ‘get ahead’ financially, due to burdens of higher rent and higher servicing costs on personal…
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Jun 11 2024 Australian Consumer Stress Barometer Report – June 2024
The June 2024 Australian Consumer Stress Barometer shows younger Australians (who are mostly excluded from home ownership) are struggling to get ahead financially, due to burdens of higher rent and higher servicing costs on personal borrowings.
Australia risks having a social divide open between older and young Australians creating in effect, a ‘Gen-Z recession’.
This is a…