Latest / Early Edition with Ryan Bridge
Tim Dower: Are Our Borrowing Trends Getting Out Of Hand?
Couple of canaries going off in the coal mines over the past few days.
Ominous warnings actually, of how tight things are getting out there in the real world.
First off...the Centrix figures showing how many people are doing Christmas on credit this year. It is normal for people to borrow a bit here and there to...smooth out if you like...the household budget over the heavy spending period.
Credit cards were up nearly 12 percent...Buy now pay later jumped 7...personal loans are up 3 percent. This is a seasonal thing...quite normal for a November month. But Centric said this...and I…
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