30% of Aussies say their family is financially better off

Wednesday 19 December 2012

Article by Mozo

At a point when retailers are hoping for consumers to be trigger happy with their personal savings and credit cards, a new Ray Morgan report shows that consumer confidence is sitting almost unchanged leading up to the Christmas period.

When looking to the economic horizon, 35% of Australians are expecting prosperous times from the country, up 1%. While 18% of Aussie consumers, down by 4%, have a negative economic outlook for the next 12 months.

According to the research, 30% of Aussies say their family is 'better off' compared to this time last year, down by 3%. While an equal 30% say their family is worse off. However an unchanged 39% feel that their personal finances will be better off over the next year and 18% feeling they will be worse off.

Australians can improve their chance of a prosperous new year, through actively optimising their own personal finances. Through informing themselves over all the market options for their personal finances, such as selecting the best credit card with a low interest rate, consumers can instantly save themselves hundreds on interest repayments.

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