New data shows households are under extreme cost-of-living stress and a new worry is creeping in


A new National Australia Bank survey shows just about every Australian is cutting back on expenses — whether that be entertainment or, for those really struggling, basics such as food. Kim Horn lives in Cessnock in the Hunter Valley region of New South Wales, working as a bookkeeper. Of the many items in the 54-year-old's shopping basket, it's the packet of dishwashing tablets that gets her blood boiling. "If it's not on sale it's $74 a packet," Ms Horn said. "I mean that's just ridiculous. Who can afford $74 a packet?" But there's one bill that's always difficult to swallow. "Electricity is ridiculous. "I don't understand why it's going up. And I can't see an end to that," she said. NAB's latest check on consumer angst shows Ms Horn is in good company.

Find more details, here - https://www.abc.net.au/news/2024-01-23/new-survey-suggests-heightened-cost-of-living-anxiety/103376700

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