Original article by Matthew Cranston
The Australian Financial Review – Page: 9 : 9-Apr-19

An EY survey has found that just 28 per cent of Australians expect to reduce their debt in 2019, down from 60 per cent in 2018. The survey also found that more than 60 per cent of respondents were ‘extremely’ concerned about the cost of living, suggesting that more people are not able to cut their debt because they lack the ability to do so, rather than a lack of desire to do so. It is possible that some Australians could use the tax cuts announced in the April 2019 Budget as an opportunity to reduce their debt.

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