So many families in Australia today are burdened by the cost of living
As an organisation that works closely with individuals and families suffering from financial hardship, BaptistCare HopeStreet is all too aware of what happens when someone doesn’t have access to fair and affordable financial support.
So many families in Australia today are burdened by the cost of living; the increasing costs of electricity, gas, rent and petrol. Now throw in children’s school uniforms and stationery, a visit to the doctor, and the cost of food. And no, this is not a conversation about avocado.
People experiencing financial hardship, whether receiving government support or on low incomes, often have to choose between putting food on the table, or paying bills.
Consider then, costs like replacing a fridge, fixing a washing machine, buying a computer to study, needing dental work or repairing a car necessary for travel to work.
Often with poor credit history, or a string of bad debt and no spare cash, having to find the funds for these every day or emergency costs can lead to substantial hardship. Fast-cash traps such as payday lenders and loan sharks seem like a good idea, initially.