Newspaper article News Mail Bundaberg Qld.

Feeling the Pinch and in Debt, Most People Fear Next Week's Budget

Newspaper article News Mail Bundaberg Qld.

Feeling the Pinch and in Debt, Most People Fear Next Week's Budget

Article excerpt

ABOUT 90% of people polled in a Galaxy nationwide survey fear next week's federal budget will worsen their financial situation.

About 88% of those said rising costs had already made sticking to a monthly budget almost impossible.

Commissioned by debt solutions provider Fox Symes and Associates, the poll found 46% of the 1000 respondents were concerned any budgetary benefits would go towards wealthy, high-income earners or big business.

"It is clear there is a sense of uncertainty in Australia amongst all age groups," Fox Symes director Deborah Southon said.

"People have very real concerns about the budget.

"Many are struggling to make ends meet and are scared the budget will make life even harder.

"In the last two years, Fox Symes has seen an increase in demand for its services - people are struggling with debt.

"What's more, between 2014 and 2016 the number of people we saw with serious debt problems aged 18-25 increased from 10% to 15%, and those aged 26-35 increased from 41% to 45%, which is concerning. …

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