Christmas guilt sets in

By Mozo ·

One in four Aussies are worrying about the amount of cash they spent over the Christmas period, a new survey has found.

The Consumer Credit Expectations study from D&B has shown that a further seven per cent are now worried that they are going to struggle to pay off credit card bills and other commitments as a result.

Meanwhile, 17 per cent reckon they are going to need to hunt for a low-interest personal loan or credit card to pay off their household bills.

D&B said the findings indicate that a two-tier Australia is beginning to emerge, with differences between young and old and rich and poor becoming ever more apparent as the global economic crisis weighs heavy on consumers.

“The differences between the haves and have nots are evident in the credit and debt expectations of Australian families,” explained company chief Christine Christian.

In other recent research, D&B also reported earlier this month that the Australian tourism industry has taken a battering as people have lost their desire to splash the cash on holidays.ADNFCR-1761-ID-18987359-ADNFCR