Annie Guest: One indicator of how the economy is tracking can be seen in calls to the National Debt Helpline. It’s just had a month of a record number of calls, many from small business owners. And there’s concern shame and a lack of trust stops many indebted Australians asking their banks for help. Jon Daly reports.
Archive: Thank you for calling the Small Business Debt Helpline.
Jon Daly: Calls for help are rising. Last month, the Small Business Debt Helpline received nearly 500 of them, the highest in the helpline’s history. Domenique Meyrick is the Co-Chief Executive of Financial Counselling Australia.
Domenique Meyrick: We have had a 16% increase from April to May, but an over 55% increase from the same time last year. So that really…
