Economics
Australians’ Swelling War Chests, Pent Up Demand Augur Big Spend
- Household savings ratio 24.8% if pension withdrawals included
- Flexigroup: people have used stimulus to pay down their debts
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Australians have salted away cash they’ve been unable to spend on leisure activities due to the Covid lockdown and paid down debt, leaving them well placed to drive a recovery once the virus is contained.