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…
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