Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Politics
Poppy Johnston

Social fabric strained amid growing financial pain

Australia's social cohesion is deteriorating with two in five Australians reporting acute money worries. 

Elevated prices and the corresponding series of interest rate hikes are stretching household budgets thin, with 41 per cent of the 7500 people surveyed by Scanlon Foundation Research Institute describing themselves as "poor" or struggling to get by.

This was up from 37 per cent in 2022, and 31 per cent in 2021.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.