The current economic situation in the world is bleak. The global economy is still recovering because of the pandemic, Russia’s invasion of Ukraine, and the cost-of-living crisis, according to the IMF. Australia is among other advanced economies that continue to face challenges in the economic sector.
A living and breathing example of the current housing crisis in Perth is this single mother. Jakki Brooking, a registered nurse, went to TikTok to tell her story. Right before Christmas, her landlord doubled the rent for her and her son from $300 to $630. The mom admitted that they might be facing homelessness soon and asked the Internet for suggestions.