Monday, May 4, 2020

Consumers increasingly cautious as pandemic tightens household budgets

Consumer spending is on a slide as COVID-19 pandemic tightens household budgets according to real time data from advisers Illion and AlphaBeta. 

Applications for new finance is down and shoppers are choosing Aldi and Costco over Coles and Woolies. 

ABC's Peter Ryan says initial government spending is starting to fade. 




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