Living in Australia is famously expensive — and families across the country are increasingly feeling the pinch.
Here at news.com.au, we like to keep our finger on the pulse and stay informed about our readers’ biggest household worries. That’s why our Cost of Living survey is so important.
For months on end, we’ve seen warning signs our economy is in trouble, with the Reserve Bank of Australia repeatedly slashing interest rates to historic lows alongside sluggish economic growth, falling consumer spending and seriously gloomy retail trade figures.
At the same time, wage growth is stagnating, the cost of living is soaring, and even though property prices dropped this year, the median Sydney house price remains above the $1 million mark.
A new survey has just revealed young people are dropping out of their studies as they struggle to survive on just $15 a day on Youth Allowance and Newstart, while motorists are also feeling the sting, with petrol prices at near record highs, while car insurance and servicing costs are climbing.
With all this in mind, we want to hear from news.com.au readers about how they are faring.
Now in its fourth year, the Cost of Living survey is designed to find out the most common pain points when it comes to balancing your family’s budget — and what we can do about it.
We want to know about your biggest money worries, your saving goals, how you’re cutting costs, how you’re feeling about your own financial position as well as the wider economy and everything in between.
And the best part is, you can be in the running to win a $1000 gift card just by completing the survey below.
Do you have a story to tell, or want news.com.au finance editor Alexis Carey to cover a particular topic? Email firstname.lastname@example.org
Originally published as Where’s your cash really going?