Business
Money habit landing 3.4 million Aussies in ‘hot water’ – Yahoo Finance Australia
Many Aussies have been forced to skip meals as a result of overspending on buy now, pay later platforms, data reveals.
Money habit landing 3.4 million Aussies in hot water. Source: Getty
More than one-in-five Australians have been forced to skip meals, bills and mortgage repayments as a result of overspending on buy now, pay later platforms, new data from the corporate watchdog has revealed.
According to a report by the Australian Securities and Investments Commission (ASIC), 21 per cent of buy now, pay later customers in Australia missed a payment in the last 12 months.
The report covered Afterpay, BrightePay,…
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