Will Spending Increase Lead to Increase in Personal Debt for Western Australians?
16th of February 2009
WA based debt solutions company Australian Financial Solutions, believe that many Western Australians will increasingly feel the pressure of rising personal debt during 2009, no matter how many ‘stimulus' packages the government provide.
The Australian Bureau of Statistics reported on the 4th of Feburary, 2009 that in seasonally adjusted terms(not including the impact of the government's December 2008 ‘Stimulus Package'), all Retail industries had a sales increase in December 2008, with Food retailing (+1.4%), Department stores (+8.3%), Clothing and soft good retailing (+5.8%), Household good retailing (+9.9%), Other retailing (+2.6%) and Cafes, restaurants and takeaway food services (+1.7%). (source: http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/8501.0 8501. Australia, December 2008).
Australian Financial Solutions Associate Director Natalie Levett says,"Increasingly people are requiring our services as they start to have trouble managing their current financial debt. Retail spending is up, and unfortunately for some people that's as a result of them spending more than they earn or can afford".
"We want to help people manage their current debt, and to be able to consolidate their debts where appropriate," Natalie says, "Our principals are Chartered Accountants with many years of experience in assessing the financial circumstances for people and explaining the options available and recommending the best debt solution, including alternatives to Bankruptcy".
To try and help those suffering under the burden of debt, Australian Financial Solutions are offering a lifeline for people in the form of a free and confidential financial assessment. After assessing a person's financial position and circumstances Australian Financial Solutions will recommend a debt solution that best suits the individual.
For more information:
Media Contact: Natalie Levett, Associate Director,
Australian Financial Solutions
Ph: 1300 237 669
Email: info@austfinsolutions.com.au
Web: www.australianfinancialsolutions.com.au