Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Wednesday, October 17, 2018

Capitalism in Australia: A record number of elderly people are sinking in poverty, debts

According to an interesting report of news agency Xinhua from Canberra, debt assistance services have warned that a record number of elderly Australians are living in poverty.

The National Debt Helpline (NDH), the government's financial counselling service, is on-track to receive a record number of calls in 2018 and staff have observed a marked increase in the number of older Australians who cannot pay their rent or mortgage.