New research from National Seniors Australia and Challenger has revealed that 80 per cent of people aged 50 and over are feeling the impact of higher living costs.
The National Seniors Social Survey also found that health costs, energy prices, and groceries are the top three concerns, with housing affordability also a concern in the long term. The survey showed that severe cost-of-living impacts were felt across all income levels and age groups, with renters, low-income households, people in their 50s, larger households, and people in rural and remote areas being hit the hardest.
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