'The Australian' on Tuesday 21 November 2023 has a long article on CBA's findings re its seven million cardholders:
"...The CommBank iQ Cost of Living Insights Report found that Australians aged between 25 and 29 have cut total spending by 5.1 per cent – the only age group to decrease both discretionary and essential spending in the September quarter from a year ago......“Travel is an experience that people are willing to prioritise for, but even then we are seeing younger Australians even cut back on that now,” Mr Tubman said.
“While spending on travel remains high, it is not as strong as it once was and a downward trend is forming. It will be interesting to see over the coming months with recent RBA hikes and Christmas what happens to this category..."
'The Australian' on Tuesday 21 November 2023 has a long article...
Australians continue to spend big on travel. Picture: Getty Images
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