Retiree costs jump amid higher electricity, insurance prices - financialnewswire.com.au

Global trade collapse adds to Australia's economic strain

New cost of living data for September 15 show retiree costs jumped with power and insurance premiums higher. Close to half of Australians living in share accommodation are at least 40 years old. Global fuel price spikes triggered protests across a number of nations. In Syria, price hikes caused the widest demonstrations since Assad fell.

Australia is experiencing economic stress as global trade rules collapse, according to Nine.com.au. A Guardian report said the Iran war cost the United States $38 billion and drained its missile reserves.

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