Is inflation starting to bite financially precarious Australians?
Melbourne Institute Research Insight No. 01/23
Date: February 2023
Author(s):
Abstract
Growing interest rates have impacted cost of living pressures with mortgage payments, consumption credit rates and borrowing costs for households, businesses and governments becoming more expensive. Using data from 2,670 respondents of the Taking the Pulse of the Nation (TTPN) survey, this Research Insight explores how Australians have changed spending in times of high inflation, particularly focusing on those under financial pressure.