Aussies are keeping on top of their debt

According to Dun & Bradstreet's Consumer Credit Expectations Survey, fewer people expect to increase their level of household debt this year.

Expectations for household debt are at their lowest point in three years, with 18 per cent anticipating their debt will increase in the March quarter. This compares with 22 per cent and 26 per cent for the past two quarters.

D&B said consumers increasingly favoured spending from savings rather than credit, which means that people are trying to spend within their means.

Correspondingly, more people say they don't expect to have difficulty meeting their credit obligations – 55 per cent compared with 48 per cent last September.

Source: Banking Day