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Chalmers warns higher yields likely to kill off cost-of-living help

Treasurer Jim Chalmers says surging borrowing costs and high inflation will force a tight mid-year update, potentially killing off major new spending.

Chalmers warns higher yields likely to kill off cost-of-living help

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ISSUES IN BORROWING FOR CONSUMPTION

A new report puts numbers to the increasing battle for survival The recently released 2026 Access to Financial Services in Nigeria (A2F) Survey has revealed a major structural shift in

  • 45.8% of formal credit users report repayment stress
  • 83.8% experience ongoing financial stress
  • 41% of formal borrowers use loans for coping and consumption

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