Australian households went into the COVID-19 crisis already in debt, but that is now coupled with a loss of earnings, job insecurity, and 1 in 14 mortgages across the country now being deferred. Given all of that, household spending trends have been surprising.
Subscribe to us on YouTube: http://ab.co/1svxLVE
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews