Aussies Struggle: Cost-of-Living Pressures & Inequality
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
A new survey reveals that three-quarters of Australians have felt the strain of cost-of-living pressures over the past two years, with 27% experiencing ongoing stress or anxiety. As inflation and high interest rates bite, charities are overwhelmed by those seeking help, including mortgage holders. The Reserve Bank is expected to raise rates again, potentially pushing more people to the brink. Australians prioritize support for those in poverty and affordable housing as solutions. The survey also highlights growing inequality and the need for better job opportunities. Travers McLeod from the Brotherhood of St Laurence emphasizes the need for real relief for all, despite Australias wealth.
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