Financial counselling clients living on a growing budget deficit as cost of living continues to hurt
WA’s largest collective of financial counsellors reports its clients are operating on an average household budget deficit of $108 per fortnight. The 2024 data from the Financial Wellbeing Collective shows the fortnightly deficit has increased 52%, up from $71 in 2023. General Manager Helena Jakupovic says increasing costs of living means its clients’ financial position…