Victorians have tightened their belts the most
Article by Mozo
People who live in Victoria have tightened their belts more than Aussies in other parts of the country.
New figures released by the Australian Bureau of Statistics have indicated that overall retail sales were down by 0.2 per cent in seasonally-adjusted terms in April.
This followed on from a 1.1 per cent rise in March and the report showed that Victoria was the main contributor to the decline.
Levels of spending were down by 1.6 per cent in the state throughout the month, which was the worst performance by quite some distance.
The Northern Territory had the second biggest drop (0.9 per cent), while sales in New South Wales fell by 0.7 per cent.
It is clear that the high cost of living has forced people in Victoria to use their credit and debit cards less frequently.
Statistics confirmed that spending in department stores dropped by one per cent in April, while household goods retailing was down by 0.8 per cent.
Have a question about debit cards? Ask the money gurus at Mozo Answers.