BUNDABERG residents are doing it tough, according to the Salvation Army.
New data has revealed locals seeking financial assistance through The Salvation Army’s Moneycare financial counselling service are in extreme debt, with no way out but to seek help.
The findings show that those on the brink of financial crisis owe $2.55 for every dollar earned.
Bundaberg Moneycare’s Wayne Chamberlin said it wasn’t only those on benefits who were struggling with debt.
“I have spoken to quite a few people with good incomes who are in trouble, he said.
“Whether it is because the housing market has gone flat or they have made some investments that haven’t worked out, the fact is people from all walks of life are needing financial assistance in s…
Read the full article at: https://www.news-mail.com.au/news/debt-is-taking-over-local-lives/3239347/