To our credit, more of us living within our means

PRIVATE sector credit levels fell to a 19-month low in November, a sign that Australians are becoming less keen on debt, economists say.

Total credit provided to the private sector by banks and other lenders was unchanged in November after a rise of 0.1 per cent in October.

November was the weakest monthly outcome since April 2011, according to the seasonally adjusted data released by the Reserve Bank on Monday.

Chief economist for CommSec Craig James said consumers' attitude to debt had become one of caution.

''The new mantra is 'living within your means' as opposed to the old theory that borrowing was the quick way to achieve a higher standard of living or lifestyle,'' he said.

Read more at Brisbanetimes.com.au
 


McDonald’s employee victim of opportunistic crime

Premium Content McDonald’s employee victim of opportunistic crime

A YOUNG woman who stole a McDonald’s employee’s iPhone and failed to complete a...

DREAM JOB ALERT: Get paid to camp!

Premium Content DREAM JOB ALERT: Get paid to camp!

A once in a lifetime job opportunity has come up for an individual or couple who...

Reforms fall short as industry mourns fallen miners

Premium Content Reforms fall short as industry mourns fallen miners

‘A senseless tragedy remains forever tragic, but it depends on us whether it...