Australians are slashing discretionary spending as financial pressure intensifies, creating recession-like conditions across parts of the economy, according to national insolvency solutions and business rescue firm Jirsch Sutherland. Millennials, renters, and those working in trades, labour-intensive, and construction-related occupations are bearing the brunt of Australia’s cost-of-living squeeze. The warning follows new data from the Australian…
The Salvation Army today issued an urgent warning that Australia’s cost-of-living crisis is spiralling into an emergency for the nation’s most marginalised people, with a new report revealing nearly one in five (19%) people surveyed saying they had eaten from bins and three in five (60%) saying they had eaten expired or spoiled food in…
Australians are turning to affordable retail therapy despite household spending slowing across the nation1, according to Australia Post’s latest quarterly Inside Australian Online Shopping Report. Shopping for Fashion and Apparel has spiked in FYQ4 with the number of online purchases up 19.1% on last year. Overall, online purchases grew by 2% in the past year…
Data released today reveals around 500 calls to Lifeline each day are related to financial management, employment, or housing insecurity. Of this number, around 50 are focused on concerns related to homelessness. Lifeline Australia CEO Colin Seery said it was important for anyone struggling to know that the organisation is available 24/7 to provide support.…
As part of Savvy’s ongoing research into consumer sentiment and the impact of economic trends on everyday Australian life, Savy surveys Australian adults on how they are navigating the continuing cost of living crisis. 62% of Australians cite grocery prices as the greatest ongoing concern Almost all demographics and states/territories highlight grocery prices as the…