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Inflation a ‘crushing burden’ on vulnerable Australians
Catholic Social Services Australia says that while the latest inflation figures have sparked renewed commentary, it is vital to recognise the immediate and severe impact rising prices have on Australia’s most vulnerable communities.
OECD calls on Australia to raise GST, increase affordable housingÂ
The OECD has called on the Albanese Government to broaden the GST, do more to reduce greenhouse emissions and adopt ambitious social housing targets as part of its annual economic survey of Australia. Source: The Guardian.Â
Housing issue to dominate talks at Economic Roundtable
Housing will dominate discussion at the Economic Reform Roundtable this morning, with ministers, business leaders and conservationists all under pressure to solve the wicked problem of building more homes without trashing the environment. Source: ABC News.
Productivity chief warns young people facing bleak future
Productivity Commission chair Danielle Wood says young people are facing a future of lower wages, increased costs and the impacts of climate breakdown without major government action to tackle major economic challenges. Source: The Guardian.
Caritas campaign calling for forgiveness of unjust debt
Vatican officials, charity workers, and internationally recognised economists came together yesterday to discuss debt reform in an online town hall organised by Caritas Internationalis. Source: Vatican News.
Inequality climbs to highest point in more than two decades
Inequality across the nation has climbed to its highest point in more than two decades as the incomes of high-paid Australians grow faster than those on lower wages and homeownership levels among young people collapse. Source: SMH.
Economic mobility makes Australia land of the fair go, for most: report
Australia is the land of the fair go, according to the Productivity Commission, with most people able to get ahead based on their talents and available opportunities and able to earn more than their parents. Source: SMH.
Government defends cost of living measures
The Albanese Government is defending its cost of living handouts, including tax cuts for all taxpayers which come into effect today, against fears they will fuel inflation and lead to higher interest rates. Source: news.com.au.
Wage rise key to keeping Australians out of poverty: bishops
The Australian Catholic Bishops Conference has argued for a 4.9 per cent rise in the national minimum wage. Source: ACBC Media Blog.