Australians' Response to the Cost-of-Living Crisis
Despite the ongoing cost-of-living crisis, everyday Aussies are finding ways to cope with the financial strain. According to Compare the Market's 2025 Household Budget Barometer, only 7% of Australians believe the crisis has improved in the past year.
Moreover, just 22% feel optimistic about the economy's future, despite a slowing inflation rate and a lower cash rate. However, Australians are adapting to the situation and finding strategies to stay afloat.
Australians are getting savvier as life isn’t getting cheaper.
- Small wins on inflation have been recorded.
- Government support payments have been made.
Australians are developing ways to manage their household budgets and make the most of their financial situation.
Author's summary: Aussies adapt to cost-of-living crisis.