Cost-of-living, jobs and social crisis deepening in Australia ...Middle East

Recent economic data point to the intensifying financial pressures being deliberately applied to working-class households by the Reserve Bank of Australia (RBA) and the Albanese Labor government. Unemployed workers registering to receive social welfare outside Centrelink office in Sydney in 2020. Facing higher mortgage repayments and rent hikes, resurging prices for essentials and falling real wages, increasing numbers of people are depending on credit cards and pay-later services to survive. Statistics show inflation rising again, especially for petrol, housing and food, household savings falling for the first time since the 2008 global financial crisis, and job cuts spreading. This de

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Cost-of-living, jobs and social crisis deepening in Australia ...Middle East

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