BUDG048 When good money doesn’t mean financial security 448 words)

Many Australian households are feeling the pressure of the “middle-class squeeze,” where rising living costs are making once-comfortable incomes feel increasingly stretched. This article explores the impact of lifestyle inflation and cost-of-living pressures, while highlighting practical budgeting strategies and the value of professional financial advice to regain control and build long-term financial security.

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Not so long ago, a six-figure salary was considered a solid income. But you didn’t suddenly become extravagant, so why are you now feeling like you need to tighten your belt?

You’re not imagining that growing sense of financial unease, nor are you alone. Chances are you’re experiencing what’s become known as the “middle-class squeeze.”

Middle-class squeeze is a concept that describes households on respectable incomes that are considered too well-off to qualify for government welfare or meaningful rebates, but are experiencing cost-of-living strain.