HOW AUSTRALIANS HAVE CHANGED THEIR LIFESTYLES TO SAVE MONEY AMID THE PANDEMIC

 

Hundreds of thousands of Australians have changed the make-up of their households in a bid to save money amid the coronavirus pandemic, a new survey suggests.

About 5 per cent of Australians have moved in with friends or family since the pandemic hit, or welcomed a family member or friend into their own home,  a new survey from Finder, released on Tuesday, shows.

“Australia is experiencing not only a pandemic but a recession, so it’s no surprise that Aussies are looking to boost their finances,” said Graham Cooke, insights manager at the comparison website.

“Some Australians are looking past the pet peeves that may have deterred them from co-living and are moving back home or in with friends.”

Younger Australians led the charge, with 13 per cent of those in Gen Z and 7 per cent of Gen Y moving, compared to just 1 per cent of those in Gen X.

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