Australia faces a cost-of-living crisis, leading to reduced spending on non-essentials and increased government welfare spending.

Australia is facing a cost-of-living crisis, leading to reduced spending on discretionary items like furniture and clothing while increasing expenditures on dining, hotels, and transportation. Government spending, particularly in social security and welfare, now comprises nearly 37% of total expenditure. Opposition leader Peter Dutton is advocating for policy changes to alleviate financial difficulties for Australians amid this crisis.

September 14, 2024
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