In a survey conducted in Australia in August 2022, almost 60 percent of households with a household income between 50 and 90 thousand Australian dollars had bought cheaper food options to deal with the higher cost of living. Almost one third of households with a household income of over 90 thousand Australian dollars had used their savings to combat increasing living costs.
Strategies used to deal with higher cost of living in Australia in 2022, by household income
Characteristic
< $50,000 AUD
$50,000-$89,999 AUD
> $90,000 AUD
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Melbourne Institute of Applied Economic and Social Research. (September 21, 2022). Strategies used to deal with higher cost of living in Australia in 2022, by household income [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1336689/australia-strategies-used-to-deal-with-higher-cost-of-living-by-household-income/
Melbourne Institute of Applied Economic and Social Research. "Strategies used to deal with higher cost of living in Australia in 2022, by household income." Chart. September 21, 2022. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1336689/australia-strategies-used-to-deal-with-higher-cost-of-living-by-household-income/
Melbourne Institute of Applied Economic and Social Research. (2022). Strategies used to deal with higher cost of living in Australia in 2022, by household income. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1336689/australia-strategies-used-to-deal-with-higher-cost-of-living-by-household-income/
Melbourne Institute of Applied Economic and Social Research. "Strategies Used to Deal with Higher Cost of Living in Australia in 2022, by Household Income." Statista, Statista Inc., 21 Sep 2022, https://www.statista.com/statistics/1336689/australia-strategies-used-to-deal-with-higher-cost-of-living-by-household-income/
Melbourne Institute of Applied Economic and Social Research, Strategies used to deal with higher cost of living in Australia in 2022, by household income Statista, https://www.statista.com/statistics/1336689/australia-strategies-used-to-deal-with-higher-cost-of-living-by-household-income/ (last visited July 23, 2024)
Strategies used to deal with higher cost of living in Australia in 2022, by household income [Graph], Melbourne Institute of Applied Economic and Social Research, September 21, 2022. [Online]. Available: https://www.statista.com/statistics/1336689/australia-strategies-used-to-deal-with-higher-cost-of-living-by-household-income/