What you buy and what it says about the economy
Whether it be our morning coffee or dining table or car loan, Australians are all making changes to their daily routine in response to rising expenses. Businesses such as coffee machine retailer Breville and the big two supermarkets are, consequently, doing very well. Premium furniture company Nick Scali, however, is reporting falling profits and car repossessions are slowly rising. So are these changes in spending a warning sign of an imminent recession? Tamsin Rose and senior business reporter Jonathan Barrett track a day in the life of a cost-of-living crisis