More Australians Feel Poor Under Soaring Living Cost Pressure: Research

More Australians Feel Poor Under Soaring Living Cost Pressure: Research
Pedestrians move across Market Street in Sydney, Australia, on Oct. 22, 2022. Lisa Maree Williams/Getty Images
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A new study has found that an increased number of Australians classified themselves as poor or reported financial difficulties in the past 12 months, highlighting the impact of rising living costs on people’s lives.

According to the latest Mapping Social Cohesion report published by Scanlon Foundation Research Institute, 37 percent of the Australians surveyed reported having some sort of financial hardship, a noticeable lift compared to 31 percent in 2021.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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