Some businesses, experts optimistic about consumer spending in Australia ahead of Christmas | Video
Australia’s rising cost of living is taking a toll on consumer spending in the run-up to Christmas. A recent opinion poll found that 66 per cent of people were planning to buy fewer or cheaper presents this year, and that 57 per cent of respondents were finding it harder to make ends meet. But the Christmas business outlook is not as simple as it seems. Roger Maynard reports.
Australia’s rising cost of living is taking a toll on consumer spending in the run-up to Christmas. A recent opinion poll found that 66 per cent of people were planning to buy fewer or cheaper presents this year, and that 57 per cent of respondents were finding it harder to make ends meet. But the Christmas business outlook is not as simple as it seems. Roger Maynard reports.