Saving cash is back as plans change
CASHED-UP Australians are renowned for hitting the shops as soon as their bank balance looks healthy, but now it looks like the game has changed.
All of a sudden, planning for tomorrow is back in vogue, with the latest figures showing Australians are adopting a squirrel-like mentality.
You’d have to go back to the mid-eighties to find a time when we were saving more.
While it’s easy to forget that less than a decade ago we were giving our credit cards the biggest workout in history, many people are still nursing a financial hangover from all the cars, clothes, furniture and flat screen televisions purchased.
As the country settles in for t he l a r g e s t c o mmodities boom in more than a century, the million dollar shopper question is: When are we g o i ng t o s t a r t s p e ndi ng again?
Wouldn’t the big retailers like to know.