DEBT-stricken families with new homes, cars and plasma televisions in Sydney's sprawling housing estates are relying on charity handouts to buy food.
Welfare agencies report a worrying increase in the number of middle-income families with big mortgages seeking help to pay grocery, electricity and gas bills.
Dubbed the 'pay-later poor'' by St Vincent de Paul, they live in homes boasting cable television and the latest electrical goods and use credit cards to meet basic living costs.
Many of the families live in so-called McMansions.
Rising interest rates and petrol prices have hit them hard, with the latest figures showing soaring personal debt levels and bankruptcies.
Sunday, October 15, 2006
Sydney's pay-later poor
Sydney's pay-later poor The Sunday Telegraph
Posted by Housing Affordability at 11:19 pm