Why buying frozen peas is a sign you are struggling financially trends now
View
comments
Australia's cost of living crisis is now so bad low-income earners are spending a quarter of their pay on groceries - and even skipping meals to survive.
A new Australian Competition and Consumer Commission report has also suggested those who buy frozen peas are in trouble financially.
'Households have also told the ACCC that to reduce their grocery bills they are spending more time shopping around for savings, substituting fresh food with frozen, and cutting back on non-essential items,' it said on Thursday.
But those weren't the only sacrifices to be revealed from a 15-minute online survey of 13,000 people, so far, that is running until April 2.
A new Australian Competition and Consumer Commission report has also suggested those who buy frozen peas are in trouble financially
'Some people have also reported skipping meals or sacrificing meals to feed children properly,' the ACCC said.
'Many younger Australians and lower income households are spending up to one-quarter of their net income on groceries.'
Australia's are already considered to be in mortgage stress when they are spending 30 per cent of more of their pay on monthly repayments - and that's before tax.
To spend a quarter of pay on
