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SAVINGS.COM.AU
Financial Journalist: William Jolly
20 November 2020

Many Australians have changed their credit behaviours for the better over the COVID period, but those affected the most are still showing some concerning signs.

That's according to CreditSmart's Covid-19 Credit Check Up report, which found there has been deliberate, planned changes in financial behaviour among many Australians due to the financial implications of the pandemic.

With roughly half the population losing some income, CreditSmart found 72% of people are making positive changes to their spending, and 61% are planning to do so long-term, by doing things like avoiding big purchases and paying off debt more frequently.

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