As the state government rolls out cost-of-living relief in its third budget to hundreds of thousands of South Australian households, there’s a warning that cash will soon start going back the other way. Treasurer Stephen Mullighan says the government’s relief package, which includes one-off payments to concession holders and more help for parents with school-aged...
Tag: cost of living
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Millions of Australians facing financial difficulty, according to ASIC survey
In short: Millions of Australians are struggling to meet debt repayments due to the rising cost of living. An ASIC survey has found Australians facing financial hardship would prefer to sell their assets before they seek help from their lender. Lenders are legally required to offer assistance to customers struggling to meet their repayments. What’s...
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Rachel ‘hit the jackpot’ when she found meat for 74 cents. She posted the bargain online to help others deal with rising costs
Single mum of seven Rachel Gibson said “it felt like winning the lotto” when she saved more than $150 on a week’s worth of groceries. The 42-year-old stay-at-home mum thought she was “seeing things” when several packets of meat were marked down to as low as 74 cents, still days from expiry. The avid bargain...
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Skipping meals and working 80-hour weeks: Australians are holding down multiple jobs to ease cost-of-living pressures
In short: More than 970,000 Australians now work multiple jobs to make ends meet. The rate of people taking on more than one job was higher for women compared with men, according to the ABS. What’s next? One think tank is calling for changes to be made to the way people with more than one job are...
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What’s in the budget? Here’s every announcement that you’ll hear about later today
Treasurer Jim Chalmers will hand down his third budget on Tuesday night, but has been tempering expectations for weeks in the lead-up, warning Australians not to expect a “cash splash”. Inflation remains a key challenge for the government, and we already have a pretty good idea of how Mr Chalmers plans to use his budget to...
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More Australians are turning to op shops, but it’s not just the cost of living driving the trend
In short: Op shop chain Vinnies has seen over a 50 per cent increase in sales in the past financial year. In Victoria, 34 per cent more customers visited stores for second hand clothing and assorted household goods. What’s next? Industry leaders say the spike in visitors is likely due to cost-of-living pressures and a change in attitude to second...
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Evidence tells us that we’re only spending on necessities, so why are the experts advocating for more rate hikes?
If only there was a diagnosed condition called One Size Fits All (OSFA) syndrome. The chances are that, if that were the case, a significant portion of our economic gurus might just find themselves exiting their shrink and heading down to the nearest pharmacy for some relief. In the past few months, many of our...
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