Last month, new research from comparison site finder.com.au
found that, 37 per cent of Australians – the equivalent of 7.2 million people
or one in three Australians – have entered 2020 with a “Christmas debt
hangover”.
February is a busy time for families as kids start to
head back to school. Unfortunately, the pressure to provide a memorable
Christmas leaves many young Aussie families with credit card debt that
mountains just as the kids go back to school.
On top of Christmas debt, uniforms, school equipment, voluntary contributions, and extracurricular activities easily add up to hundreds of dollars; enough to spiral a family into debt and poverty.
If you are in financial difficulty, visit CAP’s website: www.capaust.org, or call: 1300 303 929