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Australian Seniors report finds pension no longer enough to cover basic expenses
More and more older Australians’ quality of life has fallen in the past two years as a small number report they have stolen essential items to get by, new research finds. Source: News.com.au.
Cost-of-living crisis adds stress to Christmas season
More than two-thirds of Australians are worried that festive season expenses will put a strain on their finances and nearly three in five are concerned about being able to afford food and essentials, new St Vincent de Paul Society NSW research reveals.
Study finds one in five renters living without two or more essential items
One in five Australian private renters are living without two or more essential items, according to a new joint study released by peak body the Australian Council of Social Service and the University of New South Wales. Source: ABC News.
Australia suffers worst decline in living standards since 1950s
Households are suffering the worst decline in living standards since the 1950s, with the fall in real disposable income eclipsing those of the past four major recessions including the 1970s inflation crisis and the COVID-19 pandemic. Source: The Australian.
Chalmers says Labor won’t go on pre-election spending spree
Australians have been warned there will be no “free for all” of spending of public money ahead of the federal election to win over voters in the continuing cost-of-living crisis. Source: News.com.au.
Wealthy, low-income Australians avoiding GP appointments as cost of living bites
Even wealthy Australians are cutting back on doctor’s appointments due to the cost of living, with new data showing the proportion of people in New South Wales who put off a GP visit because it was too expensive increased by 246 per cent over the past four years. Source: The Guardian.Â
Battery, solar schemes coming to zap household bills by up to $1000
Both major parties are quietly drafting schemes to partly subsidise households to install batteries and rooftop solar panels ahead of the next federal election, which experts say could save billpayers up to $1000 a year. Source: The Age.
Five million Australians to benefit as welfare payments rise from today
More than five million Australians will receive a boost of up to $41.50 a fortnight to their social security payments from today, with people on Commonwealth Rent Assistance set to have their payments boosted by $23 a fortnight. Source: News.com.au.
Cost of living pressures affecting mental health of one in five young people: survey
A recent survey has found one in five young people are experiencing financial hardship, with cost of living pressures having effects on mental health and wellbeing. Source: ABC News.