Households at 'tipping point', as more Aussies struggle to pay living costs

As living expenses rise but wage growth remains subdued, Australians are increasingly needing to overspend and dip into their savings. That was the key finding of ME Bank's latest "financial comfort" report, which surveyed 1,500 people about how they perceived their own financial wellbeing in the first half of 2018. The steepest decline was observed when people were asked how confident they felt about their short-term cash savings.
Read more: http://www.abc.net.au/news/2018-08-06/tipping-point-as-more-households-dip-into-savings/10078724?source=Snapzu