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Millions of Australians facing financial difficulty, according to ASIC survey

Millions of Australians facing financial difficulty, according to ASIC survey

In short: Millions of Australians are struggling to meet debt repayments due to the rising cost of living. An ASIC survey has found Australians facing financial hardship would prefer to sell their assets before they seek help from their lender. Lenders are legally required to offer assistance to customers struggling to meet their repayments. What’s...

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If you’ve noticed almost every retail store is having a sale right now, it’s because they are. Here’s why

If you’ve noticed almost every retail store is having a sale right now, it’s because they are. Here’s why

After navigating her small business through the pandemic, Sara Crampton was confronted with a different challenge in April last year. “Our traffic increased, but the spend was plateauing. It was quite measurable,” she recalled. As the founder and director of The Undone, an online women’s fashion retailer, the nature of her business meant the shift...

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Rachel ‘hit the jackpot’ when she found meat for 74 cents. She posted the bargain online to help others deal with rising costs

Rachel ‘hit the jackpot’ when she found meat for 74 cents. She posted the bargain online to help others deal with rising costs

Single mum of seven Rachel Gibson said “it felt like winning the lotto” when she saved more than $150 on a week’s worth of groceries. The 42-year-old stay-at-home mum thought she was “seeing things” when several packets of meat were marked down to as low as 74 cents, still days from expiry.  The avid bargain...

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More Australians are turning to op shops, but it’s not just the cost of living driving the trend

More Australians are turning to op shops, but it’s not just the cost of living driving the trend

In short: Op shop chain Vinnies has seen over a 50 per cent increase in sales in the past financial year. In Victoria, 34 per cent more customers visited stores for second hand clothing and assorted household goods. What’s next? Industry leaders say the spike in visitors is likely due to cost-of-living pressures and a change in attitude to second...