Australia's Christmas-Season Debt

Posted by: admin at 3:05 pm on December 9th, 2015

Our new infographic shows that lots of Australian's struggle with debt at Christmas time

Feeling like you're struggling to get through Christmas with your finances in-tact? You're not the only one.

Our research shows some surprising statistics showing how common it is for Australian's to get into debt over Christmas, including:

  • The average family at Christmas time will spend $4,154, but only earn $4,400
  • So how do they pay for it? A third of people will either have to dip into their savings and/or use Credit Cards
  • The extra expenditure isn't just on those Christmas presents, either- people also are spending up to 37% more on the luxuries associated with the Christmas season.

See the Christmas Season Budgeting infographic here:

Debt_at_Christmas_Time.jpg

 

Are you already overwhelmed by debt?

It may be best to take action here. Find out if you're qualified for our debt services by taking this short quiz, or call us on 1800 113 328 to talk through your options.

Tags