
The top ten postcodes where paying bills are causing strain on over 50’s
Older residents from Campbelltown, New South Wales and Hervey Bay, Queensland are under the most strain when it comes to paying household bills like private health insurance, electricity bills and council rates, according to a survey of over 50s.
The FiftyUp Club has released the top ten postcodes experiencing household bill strain from a survey of 15,000 members nation-wide.
Postcodes in Victoria including 3199 (Frankston) and Berwick (3806) also showed significant bill strain.
TOP 10 SUBURBS EXPERIENCING BILL STRAIN
And they are not alone; up to 60% of older Australians across the nation suffer stress paying household bills with private health insurance being the hardest to pay according to a survey of over 50s.
The bills they find hardest to pay include;
- Health insurance (29%)
- Electricity (22%)
- Rates (12%)
The 15,000 respondents to the Fair Go for Fifty Ups campaign also listed the sacrifices they had to make to pay day-to-day bills with 47% raiding savings, going into credit card debt and cutting back on essentials such as food and clothing in order to foot their bills.
“We asked older Australians about a range of cost of living pressures and they clearly cited stress over meeting bills as a number one difficulty. Perhaps given the demographic their concern over the cost of private health insurance made it the hardest of all the bills to pay,” said FiftyUp spokesman Christopher Zinn.
Christopher Zinn appeared on Channel 7 News in Melbourne, Brisbane and Sydney discussing the bill strain expressed by FiftyUp Club members.
The FiftyUpClub.com is a consumer network with more than 129,000 members aged 50 and over. The Fair Go for FiftyUps campaign was launched to gauge the national mood around how older Australians are affected by rising costs and which government policies can help.