Credit Card Dependancy In Australia,
A survey recently released by the Citibank Payment Evolution Report has shown Australians and Credit Cards have a deep dependancy, more so than our Asian neighbours.
The survey was conucted across various consumers in Asia Pac across seven countries.
The survey was conducted across China, Indiam Hong Kong, Indonesia, Malaysia and South Korea, of these countries Australiaa reported over 51% of us would be lost without our creditcards.
Way to go the Aussies!!!
It was reposted that 3.5 % of us use our credit cards more than 20 times per week to pay groceries, and other consumer goods as well as bill payments etc.. Over 12% use our cards 11 time+ per week.
One promising point was that we (Australians) have the least number of credit cards per person.
We did come second overall however as China lead the field of Credit Card consumerism with 70% claiming they would be lost without their creditcards. The survey found the Chinese credit card holders used their cards 5.4 times per week.
With the hiughest level of interest charged on credit cards we Australians need to begin looking for alternate methods to pay bills and buy products, this will only lead one way... increasing profits for the banks and increasing our debt.
Tuesday, June 26, 2007
Subscribe to:
Post Comments (Atom)
2 comments:
Actually credit cards are such popular now. I can tell you that in the US also :) May be credit cards are used more than in Australia. I don't think that we need decrease that amount. Credit cards are the best paying method if you know how to use them properly.
Credit cards gain great popularity day by day all over the world, Australia is not the exception. They have really invaded into people's lives.
Post a Comment