They won’t make you rich but there are simple steps to take to ease the pressure on your finances when you are earning less money than you owe.
Articles on cost of living series
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We hear a lot about the negative impact of rate rises on mortgage repayments while little is made of the benefits of high interest rates.
Mortgaged households have faced a 17.5% increase in living costs over the past two years, compared to 10.8% for households who rent.
While the pandemic and Ukraine war are key contributors to the cost of living crisis, climate change has also had a role to play.
Official data confirms what we are all experiencing - the cost of most things has jumped. So how is this measured and where are the biggest increases?
Top contributors
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Lecturer in Economics, Monash University
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Senior lecturer, Canberra School of Government, University of Canberra
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Senior Lecturer, School of Accountancy, Queensland University of Technology
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Associate Dean, School of Business and Law, Edith Cowan University