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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.
Vulnerable Aussies living on $6 a day amid cost-of-living crisis
Australians are going to extreme measures to stay afloat during the cost-of-living crisis, with thousands of people struggling to afford basic living necessities while sinking into extreme poverty. Source: News.com.au.
Rent assistance has no effect on housing affordability: Anglicare
An increase in Commonwealth rent assistance has been mooted as a Budget measure to ease the housing crisis for those on lower incomes, but Anglicare Australia has warned the payment is not “fit for purpose” and has no effect on affordability. Source: The Guardian.
ACOSS chief says Budget’s electricity bill relief insufficient
Almost $15 billion in cost-of-living relief over four years will be at the centre of the Albanese Government’s second Budget, but a key element – electricity bill relief – is being criticised as insufficient and short-lived. Source: ABC News.
Chalmers promises Budget relief after shock rate rise
Struggling households are being promised a substantial cost-of-living relief package in next week’s federal Budget after a shock decision by the Reserve Bank to drive official interest rates to an 11-year high. Source: The Age.
Less than one per cent of rentals affordable for Aussies on minimum wage
Less than one per cent of available rental properties across the country are affordable for a person earning the minimum wage, a new Anglicare Australia report has revealed. Source: 9news.com.au.
Interest-free loans program to aid families fighting cost-of-living pressures
The Sydney Archdiocese is championing the Sisters of Saint Joseph’s interest-free loan program, which aims to help ease cost-of-living pressures for Australians.
Bishops call for urgent action to address cost-of-living pressures
Financial pressures on low- and middle-income families have made responding to the cost of living one of the country’s most important and urgent policy issues, Australia’s bishops told the Senate Select Committee on the Cost of Living. Source: ACBC Media Blog.