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Probably more a cost of living crisis, end result is basically the same, people have less disposable income to fund toys, hobbies, holidays or most things many people will deem unnecessary for basic survival.
From NEWS stories I read it's hitting extremely hard with a major housing crisis in near every state where rents have risen dramatically in just the past 12 months, as for buying the house, that's what Thursdays $200,000,000 draw is for, a two bed, one bath, half a car (or pushbike) in any major capital city.
Maybe slightly over exaggerated but just making a silly point, things have gotten out of hand everywhere and no sign of relief in immediate sight.
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