✓ Sydney Morning Herald BusinessMoney & Work
Why mortgage and fuel costs hit household budgets hardest
Families with a mortgage and two cars lost about $450 a month in discretionary spending.
A Polis Partners report says the March quarter brought the sharpest drop in discretionary household income since 2004. Families with a mortgage and two cars lost about $450 a month, renter couples lost $180, and outright owners lost $140.
The report links the squeeze to two rate rises and petrol prices above $2.50 a litre.
- about $450 a month
- Mortgage loss
- $180 a month
- Renter loss
- $140 a month
- Outright owner loss
- 2004
- Series start
Why it mattersIt shows which households are most exposed when rates and fuel costs rise together.
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