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More Australians Feel Poor Under Soaring Living Cost Pressure: Research

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.
Within the above data, 10 percent of the respondents described themselves as poor or struggling to pay bills, up from seven percent in 2021, while one in ten said they often or sometimes went without food due to a lack of money….

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