Canstar has revealed the amount of personal debt the average Australian owes.
Credit card debt, Buy Now Pay Later loans and HECS/HELP loans are the top three factors affecting personal loans.
Canstar’s annual survey of more than 2,000 people found the average amount for those with personal debt rose to $15,200 – an increase of $6,200.
At least 42 percent admitted to missing at least one refund.
Credit cards were the number one pressure point across all age groups, followed by buy-now-pay-later loans and then HECS/HELP loans.
Gen Z had the most debt of any group, heading into the holiday season with 111 percent more debt compared to last year, reaching an average of $23,900.
Baby Boomers have the lowest amount at $7,200.
