Cost of living: PM Anthony Albanese to use new legislation for price hike relief

C

Anthony Albanese says legislation to ease the cost of living pain will be introduced in the coming weeks as a new report sheds light on the mental toll on Australians.

New data from Suicide Prevention Australia has found the state of the economy is the number one driver of distress throughout the country.

The organisation’s annual State of the Nation report shows cost of living and personal debt are causing elevated distress (beyond normal levels) for 40 per cent of Australians when compared with this time last year.

This was ahead of other social and economic issues like family and relationship breakdowns (23 per cent), social isolation and loneliness (26 per cent), and alcohol and other drugs (11 per cent).

Women (44 per cent) also felt more distressed over cost of living and personal debt when compared with men (36 per cent).

It comes as the Reserve Bank prepares to raise the cash rate by an expected 50 basis points, which will drive it to its highest level since December 2014.

Speaking to reporters in Parliament House on Tuesday morning, the Prime Minister said legislation to ease cost of living pressures, such as medicine prices and childcare, will be introduced this sitting fortnight.

“We understand the pressures that people are under, and we wanted to undertake measures that alleviate cost of living pressures,” he said.

But cost of living and personal debt were not just an immediate mental health issue, with the survey also finding that Australians expect it will be the most significant suicide risk by this time next year.

Nearly 70 per cent of Australians thought it would pose a major risk to suicide rates, up from 59 and 57 per cent in 2020 and 2021 respectively.

The issue was more of a concern for women (72 per cent) than men (64 per cent), while South Australians (72 per cent) were more affected once again.

Mr Albanese said addressing Australia’s suicide rate was a “personal priority” for his prime ministership.

“We cannot allow this ongoing stain on our national conscience. We need to do better,” he said.

“It is of course a personal priority for me, not only in my capacity as prime minister, but just as a fellow member of the human race.”

Originally published as Prime Minister Anthony Albanese promises to relieve cost-of-living stress with new legislation

Read related topics:Anthony Albanese

Source link
Lien puissant
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link
best link

About the author

vQ50azj5tS

Add Comment

vQ50azj5tS

Get in touch

Quickly communicate covalent niche markets for maintainable sources. Collaboratively harness resource sucking experiences whereas cost effective meta-services.