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This blog is now closed Get our breaking news email , free app or daily news podcast Australian borrowing personal loans in record amounts Australians are borrowing record amounts in personal loans as a long-term buildup in living costs wipes out savings buffers. Continue reading...
Australians are increasingly turning to personal loans as their savings dwindle due to persistent increases in the cost of living. This trend indicates a significant erosion of financial buffers built up over time. The rising reliance on personal loans suggests a growing number of individuals are struggling to manage everyday expenses without taking on new debt.
This situation highlights a potential widespread financial strain on households across Australia, impacting consumer spending and economic stability.
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