Economic data suggests increasing financial pressures on working-class households in Australia, attributed to the Reserve Bank of Australia (RBA) and the Albanese Labor government.

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Rising mortgage repayments, rent hikes, essential prices, and falling real wages are causing people to rely on credit cards and pay-later services for survival.

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The article discusses the government's Voice referendum, intended to entrench an indigenous advisory body in the country's constitution, but its support is diminishing.

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Household deposit accounts have decreased for the first time in 16 years, indicating that households are tapping into cash reserves due to rising costs.

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The household saving-to-income ratio has fallen for seven consecutive quarters, reaching its lowest level since 2008.

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The cost of living is rising, with significant increases in housing, transport, food, and insurance costs, contributing to a generational cut in retail spending.

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