From people spending less to increasing inequality and money worries even among the affluent, data shows widespread pain
Almost half of Australian adults with debt – the equivalent of 5.8 million people – are struggling to make repayments, according to research released by the corporate regulator.Almost half of Australian adults with debt – the equivalent of 5.8 million people – are struggling to make repayments, according to research released by the corporate regulator.
“I should think there is certainly a lot of pressure at the moment in terms of reductions in discretionary expenditure,” Swan said. Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “Australians have taken extreme measures to reduce their expenses, yet they still have very little left over at the end of the month,” she said.“There’s little wriggle room even for double-income households, with six figures barely enough to cover housing, food and everyday bills.”
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