True depth of financial stress revealed

More than 39 per cent of working Australians could only survive for 30 days on their current savings if they lost their job, statistics from Dun & Bradstreet’s Consumer Credit Expectations Survey today revealed.

According to the survey, Australians are feeling challenged by current economic conditions, with middle income households ($30,000-69,999) and the two younger age groups (18-34 and

35-49 year olds) in particular, demonstrating signs of financial stress.

The survey also revealed that 38 per cent of Australians will resort to using their credit card as a means of managing household expenses during the September quarter.