Four charts that prove the huge financial pressure many Australian households are under

From people spending less to increasing inequality and money worries even among the affluent, data shows widespread pain

Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast

Australians appear financially resilient, according to many of the major indicators, with indebted households finding creative ways to manage budgets. But just under the surface there are signs of financial stress everywhere, raising questions over how long people can hang on in an environment of elevated interest rates and high living costs.

Here are four charts that show the strains many people are under.

Continue reading…

About Author