About 30 per cent of adults find it difficult or very difficult to get by on their income, according to a quarterly poll by the Australian National University.
About 30 per cent of Australian adults are finding it difficult to get by.Almost one in three Australians are struggling to make ends meet, as cost-of-living pressures push more people to renegotiate bills, cut back on groceries and access their superannuation early.
Borrowers have been hit with 12 interest rate rises since May 2022 as the RBA tries to get on top of the most acute inflation outbreak in decades. “These findings paint a challenging picture of the Australian economy, which has been battered by the pandemic and an inflation crisis in recent years,” Professor Biddle said.
The challenging economic environment is weighing on people’s mental health. Psychological distress is sitting well above the survey’s pre-pandemic baseline, and is near levels observed at the onset of the delta lockdowns in 2021.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cameron Smith will play the Australian PGA and Australian Open‘Get it done’: Aussie golf’s huge boost as Smith drops big announcement
Read more »
Fintech Know-it has sights set on Australian SME marketCombining credit checks, payment chasing and debt collection, the Scottish fintech claims its technology can help small businesses get a better handle on their cash flow and better manage their credit risk.
Read more »
Fintech Know-it has sights set on Australian SME marketCombining credit checks, payment chasing and debt collection, the Scottish fintech claims its technology can help small businesses get a better handle on their cash flow and better manage their credit risk.
Read more »
‘Very, very stiff’: Tigers great slams star’s All-Australian snub as selector reveals tough calls‘Very, very stiff’: Tigers great slams star’s All-Australian snub as selector reveals tough calls
Read more »
Australian writer detained in China fears he will die in jailA Chinese-Australian writer who has been detained in China for more than four years has revealed a large cyst was found on his kidney.
Read more »