Newspaper article Tweed Daily News (Tweed Heads, Australia)

Hey Big Spender, the Country Needs You; Local Business Chambers Have Indicated Their Members Are Starting to Feel the Strain, and Are Hopeful the Large Number of Welfare Recipients on the Tweed Will Do Their Bit by Spending Up Big

Newspaper article Tweed Daily News (Tweed Heads, Australia)

Hey Big Spender, the Country Needs You; Local Business Chambers Have Indicated Their Members Are Starting to Feel the Strain, and Are Hopeful the Large Number of Welfare Recipients on the Tweed Will Do Their Bit by Spending Up Big

Article excerpt

Byline: WEDNESDAY With Leonie Brann

CHRISTMAS has hopefully come early for the Tweed's economy thanks to Federal Government handouts lining the pockets of 11,000 families and 18,000 aged pensioners in the Richmond electorate.

While many pensioners and families on the Tweed have said they will try to save the $1000 paid for every child for families receiving the Family Tax Benefit Part A, or the $1400 for single pensioners, $2100 for pensioner couples and $1050 for carers, P.M. Rudd wants them to spend big, and says the future of the nation's economy depends on it.

And if the full parking lots at Tweed's two biggest shopping centres are anything to go by, it would seem that locals are heeding the call to splurge at Christmas, with several retailers noting an increase in cash sales rather than credit card, when compared to last year's festive season.

This is great news for the local business community, which like the rest of Australia and the world, has been negatively affected by a downturn in consumer confidence and is starting to feel the pinch at a time when traditionally trading is strong.

Local business chambers have indicated their members are starting to feel the strain, and are hopeful the large number of welfare recipients on the Tweed will do their bit to boost the economy by spending up big.

Tweed City Shopping Centre's ongoing renovations and new outlets could explain why such a large number of shoppers are being lured to the Tweed Heads South complex, including a large number from north of the border.

Local businesses have also noted increased inquiries for big-ticket items like electrical goods, indicating some recipients have already planned to spend their windfall.

But pensioners and families will spend their bonuses sensibly, according to Southern Cross University academic Mike Evans. …

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