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Australia n households could save close to $8,000 every year with just a few shrewd switches, offering vital relief in the battle against rising living costs and inflation, experts say. More Australia ns are missing mortgage payments as soaring financial pressures push families to the brink.
Household bills pushing families to the brink. “We’re seeing a concerning trend where the financial cushions many Australians relied on are now depleted,” Compare Club’s head of research Kate Browne said. “January saw mortgage arrears rates jump from 1.4per cent to 1.63 per cent, the biggest leap since early 2022. “It’s clear that despite people’s best efforts to budget and save, they’re running out of wiggle room.
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