Aussies continue to spend on travel & entertainment despite rising living costs
Luke speaks with Wade Tubman, Head of Innovation and Analytics at CommBank iQ, about their latest Cost of Living Insights Report which reveals that Aussies continue to prioritise spending on travel and entertainment, despite feeling ongoing pressure from rising living costs.
The report shows quarterly spending by Australians on essential goods and services rose, but well below inflation, while overall discretionary spending was flat.
The latest results confirm that, despite interest rates remaining on hold through the period, Australians are feeling more pressure from rising living costs.
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