According to a survey of 668 Australian employees by the Australian financial comparison website Finder, about one-half of Australian employees are forced to become “moonlight clans”, which means that more than 6.9 million Australian employees will not be able to support themselves economically once they lose their source of income. over a month’s time.
The survey also found that 17% of employees, or 2.3 million employees, could only survive for a maximum of one week after losing their jobs. When a similar survey was conducted a year ago, the proportion was 14%.
The survey also showed that only 40% of people were able to rely on savings for three months or more after suddenly losing their jobs. Graham Cooke, the agency’s director of consumer research, said the government’s budget was not a panacea for the cost of living crisis. The scary reality is that many people are broke before payday, and the sheer number of these people is alarming.