The Single Person's Hidden Tax: A Financial Burden in Australia
A recent study has found that single Australians are facing a hidden tax due to their increased living costs, making it difficult for them to afford household bills and even property ownership. The study highlights the challenges faced by singles, including higher power bills, furnishing a home, and mortgage or strata fees, which can be a significant financial burden. The research also shows that single people are often overlooked for rental properties and face steeper prices due to their lack of a second income.
- The financial struggle faced by single Australians is not just an individual problem but also has broader implications for the economy and society as a whole.
- How will policymakers address this hidden tax and ensure that singles have equal access to affordable housing options, without exacerbating existing social and economic inequalities?