More Households Buckle Under The Strain...

Digital Finance Analytics (DFA) Blog

Aug 31 2023 | 00:12:03

00:00 / 00:12:03

Show Notes

Almost one in three Australians are struggling to make ends meet, as cost-of-living pressures push more people to renegotiate bills, cut back on groceries and access their superannuation early. And one in five hit up friends or family as times tighten. About 30 per cent of Australian adults find it difficult or very difficult to get by on their current income, according to a quarterly poll by the Australian National University. Borrowers have been hit with 12 interest rate rises since May 2022 as the RBA tries to get on top of the most acute inflation outbreak in decades. Financial […]

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