Sifting through the Reserve Bank of Australia’s statistics section I stumbled over an interesting selection on credit cards. It is quite detailed. After cutting, dicing and slicing the data I noted that financial institutions are perhaps hiding their hand with respect to confidence in consumers. Aussies have around 16.6mn credit cards in service yet since 2010 average credit card limits have stayed stagnant. Normally if wages are rising and confidence is booming credit card companies can up the limit and feel confident of being repaid. Other data suggests that Aussies aren’t going overboard on nudging the limit but could it be that with 180% household debt to GDP ratios that household budgets are stretched and . Average cash withdrawals and debit card usage don’t explain away the gap but to me this is telling of how tapped out the average Aussie punter is. A recent ME Bank survey in Australia found only 46 per cent of households were able to save each month. Just 32 per cent could raise $3000 in an emergency and 50 per cent aren’t confident of meeting their obligations if unemployed for three months.More to follow.