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Australians Struggle with Cost of Living Crisis

Australians Struggle with Cost of Living Crisis

Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 21, 20261m 53s

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Show Notes

Australians, from retirees to working families, are battling a severe cost of living crisis, exacerbated by the pandemic and global tensions. Suzenne, an 83-year-old Melbourne resident, manages her finances meticulously, often left with just $300 after bills. Single parents, carers, and middle-income families are making tough choices, cutting back on essentials like groceries, energy, and outings. Living costs surged by 2.3% to 4.2% last year, disproportionately affecting pensioners, with housing expenses rising 9.1% for those on government payments. Electricity, water, and food bills dominate budgets, forcing difficult decisions like skipping medications or private insurance. Despite the challenges, many Australians are adapting with hope, prioritizing health, family, and home amid rising pressures.

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