Quantium’s Post

View organization page for Quantium, graphic

42,472 followers

Cost of living pressures continue to bite, and it’s those aged 25-29 who are tightening their belts the most. In fact, younger Aussies are the only age group cutting back on both essential and discretionary expenses. This week, CommBank iQ – our joint venture with Commonwealth Bank – released its latest Cost of Living Insights Report. The report takes de-identified payments data to reveal how Australians are adjusting spending and to help businesses keep up with customer preferences. While younger Australians and those in metro areas continue to be hardest hit, there is a glimmer of hope with the data showing downward momentum losing some steam. The news is even better for over-60s, who are spending ahead of inflation, and Aussies in regional areas – though the spending gap between regional and metro areas is narrowing. To learn more and download the full report, visit: https://bit.ly/3K9CEVg

  • No alternative text description for this image
Catherine Oakshott

PMO Director/Lead/Manager/Governance Manager. Interested in short term contract PMO Mgr/ Part time/ Job share

1mo

You have to ask how much of this is because the 25-29 y o is staying at home/ returning to home with mum & dad to live ...

To view or add a comment, sign in

Explore topics