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Half of Tax Bonus Not Reaching Oz Economy

Less than half of the Australian tax bonus will get spent to boost country's economy, a recent survey shows.

"There is no doubt the current economic climate is causing many people to act cautiously with all financial transactions, and some are choosing to take a more conservative approach to this one-off cash payment. This shows confidence continues to be low as some people look for ways to protect themselves" -- St George spokesman Andrew Moore said.


It was somewhat surprising that male respondents indicated much higher willingness to spend out the money than female respondents; showing that women appear more savvy and cautious at hard times.