Posts Tagged ‘consumerism’
Who doesn’t love going out and spending money? ‘Retail therapy’ has been a long held comforting tradition for many when our emotional barometer hits stormy waters.
Our love of shopping and living beyond our means has now become a way of life for many Australians, with Australia’s credit card bill reaching an all time high.
According to a recent report by The Reserve Bank of Australia, our credit card debt is at the record level of $44 billion. These figures also show that the national credit card debt average is more than $3200 per person.