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Global finance: could unpaid bill drag down our economy?

Small business is drowning in a $76 billion sea of unpaid customer bills and invoices.
Small business is drowning in a $76 billion sea of unpaid customer bills and invoices. Source: AAP

As Fintech financier group "The Invoice Market estimated, around 2 million small businesses are affected by unpaid bills and are constantly owed an average of $38,000. The study also warns unpaid customer bills could cost the economy $76 billion and crippling small businesses, according to a new report. In an interview with Ivan Leung, Simon Wu from Simon Wu and Co. will explain how unpaid bills could drag down our economy.


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By Ivan Leung

Source: SBS



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As Fintech financier group "The Invoice Market estimated, around 2 million small businesses are affected by unpaid bills and are constantly owed an average of $38,000. The study also warns unpaid customer bills could cost the economy $76 billion and crippling small businesses, according to a new report. In an interview with Ivan Leung, Simon Wu from Simon Wu and Co. will explain how unpaid bills could drag down our economy.



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