Business
Credit and debit card spending proves resilient in face of JobKeeper cuts – The New Daily
Australians are spending more than they did this time last year despite cuts to JobKeeper and JobSeeker, according to Commonwealth Bank data.
Australians are spending more than they did this time last year despite cuts to JobKeeper and JobSeeker.
Weeks after the government slashed the fortnightly payments by $300 each, Commonwealth Bank has released data showing national card spending over the fortnight to October 9 was 7 per cent higher than the same time last year.
Although Melbourne remains in a city-wide lockdown, card spending increased in all states and territories except the Northern Territory.
Online spending was 40 per cen…
-
General18 hours agoJudge declares mistrial on one of three Harvey Weinstein rape charges
-
General20 hours agoChinese captain jailed for three years for cutting an undersea cable off Taiwan
-
General17 hours agoTrump to drive a hard bargain with PM over subs deal
-
Business11 hours agoThe ultimate buy and hold ASX 200 shares for long-term investors