Cost of living: Where is your money going?

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Cost of living: Where is your money going?
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House prices, petrol, groceries and exorbitant power bills — life in Australia is expensive. But where are you feeling the pinch the most?

Here at news.com.au, we like to keep our finger on the pulse and stay informed about our readers’ biggest household worries. That’s why our Cost of Living survey is so important.

For months on end, we’ve seen warning signs our economy is in trouble, with the Reserve Bank of Australia repeatedlyto historic lows alongside sluggish economic growth, falling consumer spending and seriously gloomy retail trade figures. At the same time, wage growth is stagnating, the cost of living is soaring, and even though property prices dropped this year, the median Sydney house price remains above the $1 million mark.

A new survey has just revealed young people are dropping out of their studies as they struggle to survive

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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