Dire warning for Aussie households

dire warning for aussie households

Sumary of Dire warning for Aussie households:

  • The pandemic has ‘supercharged’ the housing affordability crisis with the number of people in poverty tipped to rise.
  • The number of Australians trapped in poverty will continue to rise amid an “inadequate” response to the pandemic that has supercharged the housing crisis, an advocate has warned.
  • Anti Poverty Week executive director Toni Wren said wealth inequality in Australia was already severe before the pandemic hit but “totally avoidable” lockdowns had caused harm for years to come.
  • “Even before this pandemic struck, there were more than three million Australians who were locked in poverty .
  • and I think that number will continue to rise,” Ms Wren told the National Press Club on Wednesday.
  • “Those percentages translate into higher rents that people simply can’t afford to.
  • ”Most Australians who have retired up until now have owned their own home, but as the rental and buying crisis continued, many people were expected to retire without owning their own home — an “alarming” prospect.
  • In addition to a housing affordability crisis, the number of people needing unemployment payments was expected to rise, Ms Wren said.

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