The multi-pronged cost of living crisis has spared few Australians from increased financial stress. In response, cash-strapped households have been forced to find new ways to cut back spending.
"We're stretched to our limit in terms of mortgage repayments," she says. "And everything I am hearing and feeling with the cost of living and potentially interest rates going up in the future, I, like many other people, am trying to make cuts now."
Like John, Deanna stresses that she's aware of her privileged position — that she does have expenses that can be eliminated without compromising basic needs — but says the added financial pressure is constantly front of mind. More than three million Australians are believed to be living below the relative poverty line, set at $457 per week for a single adult , according to a 2020 report by ACOSS and the University of New South Wales.
At OzHarvest food bank in Waterloo, in Sydney's inner suburbs, people in the line — many of them reliant on government support — are quick to list the ways it's become harder to survive in recent months.
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