The national CHOICE Consumer Pulse report has revealed a bleak picture of Australia’s households. The survey found that in the face of rising bills over the last year, 46 per cent of Australians reported cutting back on essential spending and 62 per cent on non-essentials.
“Almost one-in-three respondents told us they find it difficult to get by one their current income, with one-in-five saying they have scraped through to payday by living off credit or borrowing form friends or family,” says CHOICE CEO Alan Kirkland.
The Consumer Pulse report shows the squeeze is hardest on low-income households, renters and parents with school-aged children.
For more information please see, http://consumersfederation.org.au/consumer-report-reveals-cost-of-living-squeeze/