Australians Make Less Money While Working Longer Than Before COVID-19 Pandemic: Research
A new study has shown that Australians, on average, are working longer but bringing home less money than they were before the COVID-19 pandemic.
In an economic and well-being study, researchers from the Australian National University (ANU) surveyed nearly 3,500 Australian adults and found that financial stress was at its highest level since the COVID-19 outbreak occurred and almost reached the pre-pandemic levels.
The report indicated that one in four respondents found it hard to sustain their daily life with what they currently earn.
At the same time, it was revealed that Australians had to work longer at their jobs as the average work hours per week increased slightly from 21.9 hours in February 2020 to 22.6 in October 2022….