Australian household finances reach 30-year low after latest rate rise

Summarised from 2 outlets · Updated 6 Oct, 02:48 · Archive

Australian households report their bleakest financial outlook since the early 1990s recession following the latest interest rate increase.

Australian households are facing their most difficult financial circumstances in three decades, with the latest interest rate rise worsening sentiment among consumers. The hike has 'badly rattled' Australians already struggling with cost-of-living pressures.

Consumer confidence has fallen to levels not seen since the depths of the early 1990s recession, as rising interest rates continue to squeeze household finances across the country.

How it is being reported

• Aussie household finance outlook falls again, ‘cost-of-living nightmare’ grips tighterThe West Australian · 6 Oct, 02:12
• Aussie household finance outlook falls again, ‘cost-of-living nightmare’ grips tighterPerth Now · 6 Oct, 02:12

In this story: Australia

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