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Indexation to give financial boost to 5.5 million Australians
Millions of Australians receiving government support will have their payments lifted by as much as $50 a fortnight as a small relief in the cost-of-living crisis. Source: The Australian.
Cost-of-living struggles driving high anxiety
Almost one in three Australians are struggling to get by on their current income, leaving them increasingly distressed and disenchanted with the country’s direction, a new study has found. Source: Canberra Times.
Service widens as two new Vinnies Vans hit the road
Every month for years, Verbum Dei Missionary priest Fr Greg Morgan has swapped his chasuble for a hi-vis vest and got behind the wheel of one of Sydney’s Vinnies Vans. Source: The Catholic Weekly.
Regional Australia hardest hit by cost-of-living crisis
The cost-of-living crisis is impacting millions of people across the country, but it is often residents in regional and remote Australia who are bearing the brunt of the economic pain. Source: ABC News.
Growing number of Australians in mortgage stress amid rise in home loan defaults
Australians are defaulting on their home loans at growing rates as the number of borrowers at risk of mortgage stress peaks at levels not seen since 2008, when the global financial crisis hit. Source: ABC News.
Catholic Social Services welcomes rise in welfare payments
Catholic Social Services Australia says the passage of legislation to raise a number of welfare payments will provide targeted cost-of-living relief to about two million Australians that need it most.
One in 10 Australians unable to pay bills
More than one in 10 Australians were unable to pay a gas, water or electricity bill over the three months to June, with a similar proportion saying they missed a payment on their phone or internet due to financial pressures. Source: The Australian.
Chalmers’ tough message for struggling households
The Albanese Government is “not currently working on” a new package of living cost relief despite expectations the Budget surplus will exceed $20 billion, Treasurer Jim Chalmers has warned. Source: Canberra Times.
Young people the most generous to those struggling with rising costs
The cost-of-living-crisis has caused most Australians to tighten their figurative belts, but that hasn’t stopped many people from continuing to support others where they can. Source: SBS News.