'Most Australians will manage the higher cost of living,' reveals Australian Banking Association. But what about the others?
The trade association for the Australian banking industry — Australian Banking Association — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints and geopolitical tensions, among others, on Australians.
if depositors decide to withdraw all funds. ABA’s inquiry aims to identify ways to ease the cost of living in Australia and the Government’s fiscal policy response. ABA acknowledged that many Australians would struggle to adjust to a higher cost of living, while it may be easier for some, adding that:
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