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The New Daily
The New Daily
Business
Matthew Elmas

‘Doing it tough’: Financial pain at three-year high as cost of living, mortgage rates squeeze families

NAB Nicki Hutley
10 News First – Disclaimer

As many as four in 10 Australians are now suffering financial hardship as the cost-of-living crisis combines with record-breaking interest rate hikes to deliver an unprecedented budget squeeze.

The latest report from the National Australia Bank (NAB) reveals the number of people struggling with bills, rent, grocery costs and mortgage repayments is the highest since COVID-19.

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