University student Steven Kechichian has cancelled Netflix and Stan to reduce his expenses.Just months ago, his household of five had a bad case of subscription double-ups. But since inflation began its rapid ascent earlier this year, his sister is now the only one in the family still hanging onto Netflix. Steven’s dad now prefers discount supermarket Aldi over Woolworths, and though temperatures have dropped, the gas heater rarely gets switched on.
On the other side of Sydney, in the south-western suburb of Camden, Julianne Taylor and her family are in a different set of circumstances, but share the same concerns.The pair gave up Foxtel, Stan, and Amazon Prime in early April. “We’ve still got Netflix,” Julianne says. “You’ve got to keep something.” They, too, have made the switch from Woolies to Aldi and have gone a step further by planting their own veggie patch to get around supermarket price rises.
Julianne Taylor has started growing a veggie garden to get around fresh produce price rises at the supermarket. “Our mortgage will go up about $700 or $800 for us by the end of the year, every month,” she says. “It’s been a real shock to the system.”for everyday Australians – and the dominant theme in the lead-up to the federal election. And while the economy has rebounded strongly from crippling lockdowns and Australians are excited to be out and about again, they’re also taking a long, hard look at their household budgets and outgoing expenses.
The US inflation is at 40-year high. It seems you do not understand what is coming to Australia in the next few years
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