Consumers spending more, using debit cards
Article by Mozo
Australian consumers are spending more, using debit cards among other forms of payment.
New research from Directional Insights for AMP Capital Shopping Centres has shown people are still taking to the high street, but have changed their attitude to splashing out.
People are more likely to opt for cheaper, low-priced alternatives to the usual brands, the study suggests, although they are still willing to buy high quality items.
Some 84 per cent of respondents claim they would keep on buying meat and vegetables of the same standard.
Managing director of the firm explains that consumers are more willing to try and bargain for goods in the current climate, something she describes as being "safe and sensible".
"People are comparing prices, they are going shopping prepared, they are avoiding impulse buying," she says.
The Australian government recently announced it would provide food coupons in order to encourage people to eat healthier food, which may come as welcome news to those with high interest savings.
This article is brought to you by Mozo – Helping you compare debit cards