The latest illion research has established that credit risk has now spread to Australians who are over 50. While this appears to simply be another affected group, the potential fallout is significant.
Please watch as we explore the domino effect of a group traditionally known as the ‘Bank of Mum and Dad’, and the potential impacts for other lenders if they are no longer coping.
Our panelists include:
Michael Landgraf
Manager, Bureau Analytics, illion
Mark Russell
Chief Client Officer, illion
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Australian Consumer Stress Barometer
The September 2024 Australian Consumer Stress Barometer uncovers a concerning trend of rising credit stress affecting Australians of all age groups.
After small glimmers of a respite, as indicated in our last Australian Consumer Credit Stress Barometer, consumer credit stress is now on the rise again, with an 11% increase over 2.5 years and a 4% surge since the start of 2024.
This is a report by Manager of Bureau Analytics, Michael Landgraf
