{"id":723833,"date":"2026-06-08T21:48:11","date_gmt":"2026-06-08T21:48:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/723833\/"},"modified":"2026-06-08T21:48:11","modified_gmt":"2026-06-08T21:48:11","slug":"australia-news-live-albanese-vows-to-cut-migration-as-one-nation-leads-in-third-poll-xi-jinping-lands-in-north-korea-for-meeting-with-kim-jong-un","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/723833\/","title":{"rendered":"Australia news LIVE: Albanese vows to cut migration as One Nation leads in third poll; Xi Jinping lands in North Korea for meeting with Kim Jong-un"},"content":{"rendered":"<p>Satisfaction with life among Australians is <a class=\"inline-link\" href=\"https:\/\/www.smh.com.au\/politics\/federal\/every-generation-of-australians-thinks-life-is-worse-than-a-decade-ago-20260608-p604q6.html\" rel=\"nofollow noopener\" target=\"_blank\">lower now than during the depths of the pandemic<\/a> as financial pressures and housing costs squeeze people in their 20s, 30s and 40s, with Anthony Albanese admitting the cost of living is contributing to the splintering of the nation\u2019s politics.<\/p>\n<p>Research made public this morning by consultancy KPMG shows life satisfaction \u2013 a measure that tracks whether a person is content with their circumstances \u2013 is now substantially lower than it was in the mid-2010s across all age groups, while it has nose-dived among people facing the biggest financial hit.<\/p>\n<\/p>\n<p>Large proportions of people would struggle to find $2000 in an emergency, a key measure of financial stress, while household wealth levels have stalled since the start of the decade.<\/p>\n<p>KPMG urban economist Terry Rawnsley said unlike during the pandemic, when many Australians had their income levels boosted by government schemes such as JobKeeper and ultra-low interest rates, people today were under sustained financial pressure.<\/p>\n<p>\u201cThese factors have left many average Australians in a precarious financial position for the better part of five years and is undoubtedly affecting how they feel about their lives,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Satisfaction with life among Australians is lower now than during the depths of the pandemic as financial pressures&hellip;\n","protected":false},"author":2,"featured_media":723834,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-723833","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/723833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=723833"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/723833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/723834"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=723833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=723833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=723833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}