Australians are cutting friends loose to keep their nose above the rising cost of living tide, new research shows.
A survey by comparison website Finder found six per cent of respondents had broken up with a friend due to strained financial circumstances.
That would equate to 1.25 million people across Australia.
And 16 per cent (the equivalent of 3.3 million people) were reducing the number of people they socialised with.
More than one in four (26 per cent) were doing less socialising overall, with hen parties, weddings, and dinners out all struck from the calendar.
