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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1449269)	3/27/2024 6:51:49 PM
From: Wharf Rat	Respond to of 1573076

Brandon did this.... Australians are paying more for almost everything. The pandemic ushered in soaring inflation, which has since softened, although at 3.4% it remains relatively high. Rents in some Melbourne neighborhoods are up almost 50% year-over-year, and rental affordability is at its lowest in at least 17 years. Consumer sentiment has barely budged since tumbling in 2020. Homeowners are also under pressure. Australian mortgages are generally fixed for a few years at a time, and as the central bank has tried to rein in prices by raising interest rates, rates have tripled to 6.7% in recent years. This strain has resulted in a spike in working families seeking support. Over 16 years, said Dave McNamara, the CEO of Foodbank Victoria, “through bush fires and pandemics, I have not seen anything on the scale that we’re currently experiencing of people from all walks of life needing food relief.” seattletimes.com