Living costs for some Australian households have far outpaced CPI figures over the past six years, exposing more people to the risk of poverty, a new report says.
Prices of essentials like food, health, education, housing, utilities and transport have climbed so much in recent years, some households had no chance to save, the Relative Price Index Report says.
The St Vincent de Paul Society and Victorian Council of Social Service (VCOSS) report says low-income households are spending almost all their income on essentials and have no financial buffer to rely on in leaner times.
http://www.nzherald.co.nz/economy/ne...ectid=10759748




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