Skipping micro treats such as coffees or lunches out and trips to the movies – by around 50% of people, saving between $55-$60 per month.Eating out at restaurants – by 55% of people, saving around $115 per month.
The top areas where people are cutting back on spending include: The check-in conversations with customers together with new research from the bank reveals that Australians are becoming ‘considered consumers’, with 1 in 2 re-evaluating and prioritising what they consider valuable and making key savings elsewhere.Īustralians are saving an average $286 per month by making cutbacks or shifting their spending to focus on the things they value most. “The rising cost of living has been challenging for Australian households, but we know that our customers remain resilient and broadly in good shape.” “Our daily outreach allows our team to remain close to customers and gives us the ability to provide support at the earliest possible signs of distress,” Ms Slade said. NAB Group Executive Personal Banking Rachel Slade said the outreach program was an ongoing commitment for the bank. The bank has now reached more than 570,000 customers through its proactive check-in program since May 2022, revealing key insights into how Australians are coping with economic pressure. NAB has today reached a key milestone in its ongoing program offering support to customers who need it, while revealing Australians are becoming ‘considered consumers’.
