Anglicare Australia has launched a landmark report showing that Australians on lower incomes face higher living costs.
The Poverty Premium looks at six key living costs and finds that people are penalised if they can’t afford to buy groceries in bulk, pay costs annually instead of monthly, or upgrade to a more efficient car.
The Poverty Premium includes examples of people on low incomes spending:
- 10 percent more on fuel for less efficient cars
- 20 percent more on energy
- 23 percent more on public transport
- 45 percent more on credit and loans
- 61 percent more on insurance
- 93 percent more on groceries
- 142 percent more on phone data.