Cost of living crisis: How desperate Aussies on six-figure salaries are now turning to Afterpay to buy groceries and petrol
8 months, 3 weeks ago

Cost of living crisis: How desperate Aussies on six-figure salaries are now turning to Afterpay to buy groceries and petrol

Daily Mail  

The cost of living crisis is now so bad Aussies on six-figure salaries are using Afterpay to buy groceries and petrol because they have maxed out their credit cards, a financial counsellor has revealed. The Consumer Action Law Centre's acting director of financial counselling Claire Tacon said people who had maxed out their credit card were now turning to buy now, pay later apps to survive. The cost of living crisis is now so bad Aussies on six-figure salaries are using Afterpay to buy groceries and petrol because they have maxed out their credit cards, a financial counsellor has revealed The Consumer Action Law Centre's acting director of financial counselling Claire Tacon said people who had maxed out their credit cards were now turning to buy now, pay later apps to survive 'That's a really common story that we're hearing now and I do think that the way people are using Afterpay, certainly for our clients, has changed. Alysia Sheppard, a 44-year-old single mother of two teenage sons living on Sydney's northern beaches, recently used Afterpay to buy groceries, despite being on a six-figure salary and relying on Airtasker to find extra work doing things like cleaning 'Last year, I was working four jobs to try and get by, so my main job, I actually make six figures but it's just not enough.'

History of this topic

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