Weekly Digest – 3 June 2022

Money

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

Australians struggling to cope with higher cost of living

A new survey shows that one in four Australian families are struggling to make ends meet with the rise in living costs, with fuel and groceries taking the biggest bite. That number is as high as one in three for those in the 25-34 year old age bracket.

Confirmation of income required by CCS recipients

Those who received Child Care Subsidy (CCS) in 2019-20 or 2020-21 must confirm their income to continue receiving payments by 30 June 2022. Future subsidies will not be received without income confirmation.

Power bills set to surge 18%

Anthony Albanese is set to face his first major hurdle as Prime Minister as petrol prices are about to soar. Meat, fruit, and vegetable prices could all follow suit in the coming months.

Passport applications face huge delays

Australians are experiencing waits of up to 3 months to receive passports. Many people are reporting that they cannot get through to the APO to check the status of their applications.

Retailers seek seniors to address labour shortages

The Australian Retailers Association (ARA) is calling on the government to make retail work exempt from Age Pension income test, as the industry faces its biggest employee shortage in half a century due to a lower inflow of international students and working holiday makers.

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