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Government says paying off debt comes before cost-of-living relief
The Albanese Government has dashed hopes it will use a bigger-than-expected surplus to fund additional cost-of-living relief for Australians doing it tough. Source: News.com.au
Minimum wage not enough to get by: Anglicare
The spiralling cost of living leaves a family of four with two full-time workers on the minimum wage with just $73 left after expenses, according to a new living cost analysis by Anglicare Australia. Source: Canberra Times.
Lights out for growing number of households struggling to pay power bills
The number of Australian households struggling to pay their electricity bills has grown by 50 per cent in just one year, with falling temperatures and rising prices pushing more families to the edge. Source: Daily Telegraph.
Good Kitchen serves food, company and clothing
A St Vincent de Paul Society initiative in north-west Victoria is offering rough sleepers and people struggling financially the opportunity to have a hot meal in a social setting. Source: ABC News.
Rise in childcare spend indicates people working more to meet living costs
Families are spending 30 per cent more on childcare than they were a year ago, despite its cost rising 6.8 per cent, in a sign parents are increasing their hours of work to cope with cost-of-living pressures. Source: SMH.
Australia’s rental affordability drops to worst levels in nearly a decade
Australian rental affordability has dropped to its worst levels in nearly a decade, with the average household spending a third of its income on rent, as the impacts of the pandemic continue to be felt on the market. Source: The Guardian.
Centrelink payment boost one step closer for millions of Australians
New laws boosting the rate of JobSeeker, along with other Centrelink payments such as Youth Allowance and disability support pensions, were introduced to the federal Parliament yesterday. Source: Yahoo News.
No-interest loans help Australians get back on their feet
More than 350,000 zero-interest loans have been given to those on low incomes since 2003 – and experts say the financial alternative has changed lives. Source: The Guardian.
Mental health of workers declining as nearly half feel overwhelmed by debt
Mental health experts are urging people to seek help, as new data shows nearly half of Australian workers are feeling overwhelmed by debt. Source: ABC News.