Markets

It’s getting more expensive to live in Australia

Cost of living pressures are increasing for Australian households. After-tax incomes needed to increase by 2% to 2.5% over the past year in order to keep up with living expenses, the fastest increase in four years. The largest increase in living expenses was for pensioners. The smallest was for self-funded […]
It’s getting more expensive to live in Australia
Markets

Cost of living pressures are building for Australian households

Australia’s upcoming federal budget is likely to deliver income tax cuts to low and middle income earners. Data out today from the ABS confirms cost of living pressures are increasing for all household types, regardless of their main source of income. Australian wage data for the March quarter will be […]
Cost of living pressures are building for Australian households
Markets

Australians aren’t giving to charities like they used to

Growth in charitable donations in Australia is slowing. Total donations grew by 1.2% in the 12 months to February, below the 4.7% average since late 2011. Older Australians, on average, give more to charity than their younger counterparts. Australians aren’t donating to charities as much as they have previously. According […]
Australians aren’t giving to charities like they used to
Markets

Financial stress is increasing in Australia as cost of living pressures mount

Of all the things bothering Australian households in early 2018, nothing surpasses cost of living pressures. Here, look: From the National Australia Bank’s (NAB) latest Consumer Behaviour Survey, it shows the degree of anxiety being caused by not only cost of living pressures but also health, job security, retirement funding […]
Financial stress is increasing in Australia as cost of living pressures mount
Markets

Cost of living pressures in Australia are abating

Cost of living pressures in Australia were unchanged in the first three months of 2016, or in the case of self-funded retirees went backwards, according to Australian Bureau of Statistics’ (ABS) living cost index released today. To clarify exactly what the living cost index is, the ABS suggests it should […]
Cost of living pressures in Australia are abating