Reserve Bank statistics show the national credit card debt sits at $17.8bn, up $236m in December 2024 alone
Get our breaking news email, free app or daily news podcastAustralians racked up a record $28bn in personal credit card transactions in December, according to new data, leaving many households unable to clear debts and paying extreme interest charges.
The Reserve Bank statistics, analysed by financial comparisons site Canstar, show that Australians are struggling to clear purchases made on credit more than ever before amid persistently high living costs.
Continue reading…Australia news, Business, Cost of living crisis, Credit card fees, Australian economyRead More
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