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Vinnies calls out high-earning Reserve Bank governor over wage comments
The St Vincent de Paul Society says low-income workers and income support recipients should not be expected to carry the burden of lowering inflation by living in increasing poverty while company profits and executive salaries move ever higher.
Cost-of-living pressures not being felt equally
Low-income households, older households and households with mortgages are facing the highest cost-of-living pressures in Australia, according to new analysis. Source: ABC News.
No short-term relief for stretched family budgets
The war in Ukraine, the pandemic and extreme weather events are among the factors contributing to “terrifying” soaring costs of petrol, electricity and gas, says Australian Catholic University’s Andrew Papadimos. Source: The Catholic Weekly.
Vinnies calls for more help for struggling Australians
The St Vincent de Paul Society has called on the Albanese Government to provide urgent help to the growing number of Australians struggling to survive amid surging inflation and interest rates.
Rising costs sees surge in credit card applications
The latest increase in interest rates will likely intensify the already surging number of applications for credit cards and personal loans, as more people struggle in the face of higher costs of living. Source: The Age.
Budget forecasts tough financial times for Australians
Australians are facing a bleak couple of years, with Treasury forecasting dual woes of sustained high living costs and declining real wages. Source: ABC News.