Australia news live: Anglicare calls for urgent action on energy debt; banks predict rate cuts in July | Australia news
KEY EVENTS
Social Media Report has nuanced findings for young people
Our technology correspondent Josh Taylor today has a special report in a large survey of 17,480 young people in Australia between the ages of 15 and 19.
The survey by Mission Australia comes in the midst of the public opinion on the restriction of access to social media for people under 16 years of age.
The findings are nuances with a connection between the excessive use of phones and worse mental health outcomes. However, moderate users report that they are in better position than those who use their devices for only one hour a day.
Read Josh’s full report here:
Banks foresee the July interest rate deductions
According to Australian Associated Press reports, half of the four large banks of Australia foresees a decrease in interest rates when the reserve bank collects better than expected.
Despite inflation forecasts, the title inflation for May fell from 2.4% to 2.1% in the previous month.
Autumn was largely directed with a decrease in fuel cost and rent prices.
The average inflation, which eliminates variable price movements, fell from 2.8% to 2.4%.
The figures supported a deduction estimates when the reserve bank decided on the next cash rate on 8 July.
Commonwealth Bank merged with NAB to estimate the next section in July, while Westpac and Anz foresee reduce the cash rate in August.
Commonwealth Bank Economist Harry ottley May data deducted a ratio in July, both inflation sets in the reserve bank’s target range is between two to three percent, he said.
Emergency Action Calls in Increased Energy Debt
Cait Kelly
Anglicare Australia calls for emergency action to address the increasing energy debt, as a new report shows that a full -time minimum wage worker is only $ 33 after paying for rent, food and transportation.
Anglicare Australia’s 2025 Life Cost Index found that even with the state aid of a single parent on the minimum wage, only $ 1 left. A family with two full -time workers and two children has only 5 dollars every week.
Anglicare Executive Director of Australia, Eyebrow RoomHe said that the results were “gloomy ve and many of them left nothing for energy bills.
We see more people trapped in energy debt. They jump the food, go without heating, and fall on the bills they can never pay back.
Too many households are left behind and fall behind. More than 330,000 people are struggling to pay more than $ 300 million and the number of people who owe over $ 3,000 are increasing.
Chambers said that people were forced to pay for payment plans.
Although energy retailers earn record profits, they owe energy to another without the chance to capture.
Therefore, we call for better arrangement to stop the measurement of energy debt and energy costs for troubled people and to help people restore.
Welcome
Good morning and welcome to our live news blog. I Martin Farrer The best of the overnight stories and then Rafqa touma will take the rudder.
Half of the four large banks of Australia meet a decrease in interest rates following the number of inflation better than expected yesterday when the reserve bank meets one week on Tuesday. It alleviates the pressure on the household budgets, and Anglicare calls the poorest calls to move to stop the sliding of more debt. More is coming.
Plus: Australian young people who spend a to one to three hours on social media for between three and three hours show a new survey. Those who spent more than three hours said that they had less control over their lives, which suggests that moderate use was the key to prosperity. More is coming.
