Extra Costs in Australia

According to SMH, working households are paying extra costs of 4.5 per cent, aged pensioners 3.1 per cent, and welfare recipients 4.5 percent. The CPI was even reported to grow 2.7 percent.

According to SMH, Bureau stated that there a few reasons to why the extra costs above mentioned exist. According to the Bureau, aged pensioners spend most of their income on utility bills and food such as fruits and vegetables, whereby the cost have increased. Welfare beneficiaries on the other hand, as a group, spend most of their income on alcohol and tobacco, whereby the prices have increased vastly, due to the 25 percent increase in cigarette tax. Working families however, are dealing with mortgage payment, that have increased by 30 per cent due to the four Reserve Bank rate rises.

In regards to the reports mentioned above, it seems to me that everything seems to be increasing in terms of prices. This isn't some issue that can be simplistically avoided. We can only save money by not spending unnecessarily and spending on things you need and not on things you want or desire to own. Unless you own two jobs to enable you to be able to spend lavishly.

This issue is a revolving issue and it seems to me as if prices are increasing, yet not decreasing. Yet, this information would have been more useful to hear some comments from the Government; for example, PM Julia Gillard. Or the government's response towards this issue on what they might possibly do in regards to this issue, in order to help the public. I'm sure all Australians are keen to know in order to help planning for their living costs.