Australian Consumer Confidence Hits New Lows Amid Cost-of-Living Crisis
Australian consumer sentiment has tumbled into deeply pessimistic territory, according to the latest data released this week, as households across the nation grapple with relentless cost-of-living pressures and mounting anxiety regarding the housing market. The Westpac-Melbourne Institute Consumer Sentiment Index shows that persistent inflation and high interest rates continue to erode household budgets, forcing families…