More Australians are resorting to theft as they reach financial breaking point during the cost of living crisis.
One in eight Australians has admitted to one shocking and illegal act as they try and make ends meet in the cost of living crisis.One in eight Australians has admitted to stealing in the past 12 months, according to new research from Finder, suggesting as many as 2.4 million Australians have participated in petty crime.
Australians have been left reeling from a cost of living crisis which reached its peak in December 2022 when inflation rose by 7.9 per cent. “It really speaks to the fact that people are struggling and the financial counselling hotlines and support services are seeing a totally new demographic come through, people who would have been classed as middle class Australians who have never needed the services before have just been completely caught out by the last 12 months.”
Meanwhile two per cent, or roughly around 400,000 people, had left a restaurant without paying in the past year. Ms Megginson said the most important thing Australian households could do was reach out for help if they found themselves in financial stress.“We haven‘t seen the bankruptcies yet, but I think there’s a big ‘yet’ around that. I think we’ve yet to see the full brunt of what the last 12 months has done to people because it was just such a fast and unexpected turnaround,” she said.
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