Everyday Australians have revealed their agonising struggle to make ends meet, as wages continue to stagnate while costs explode.
That’s according to news.com.au readers, who have revealed in their own words just how hard life in Australia can be in 2020.
While a slight majority of 53 per cent believed they were “doing OK”, just 4 per cent were on “Easy Street” – meaning the rest were feeling the pinch, with 28 per cent on “Struggle Street” and 14 per cent “Barely Coping”.Many of those on government benefits such as the age pension, Newstart, the Disability Support Pension and Austudy reported earning an income so meagre they were left with just a few dollars once necessary expenses like rent and bills were paid.
“We are living in the most expensive country in the world,” another claimed, while others reported “living pay cheque to pay cheque” and being “swamped” by bills, with “nothing left” after paying off expenses.“Government cost have risen 20 per cent over the last decade, but our salaries have not. The poor are subsidising the rich … it is criminal,” one respondent said.
And many also shared their agonising fear over how they would handle an emergency while they were living pay cheque to pay cheque.“ only eat every third day when son not with me. can’t afford doctors or basic needs rely on help from others …” another shared. “Saving at least 20 per cent of my income and not a care in the world other than paying too much for everything,” another said., there are some easy but crucial first steps to getting your finances back on track that anyone can take.
Dominic Aarsen, an entrepreneur and founder of Make The Most of Your Money, says there are some easy ways to get your finances back on track.
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