Markets

Boomers have driven Australia’s financial comfort to record levels, with single parents and casual workers faring the worst in the pandemic economy

Australia’s overall financial comfort rose to record levels in the six months leading to December, according to new research from ME Bank. A new report suggests some Australians, including well-off retirees, reported marked improvements in their perceived financial wellbeing. But other groups, including single parents and casual workers, continued to […]
Boomers have driven Australia’s financial comfort to record levels, with single parents and casual workers faring the worst in the pandemic economy
Lifestyle

These are the 20 best regional towns for Australian first homebuyers

Australians are looking to the regions, lured by affordability, lifestyle, and the recent surge in working from home arrangements. But not all are created equal, with ME Bank commissioned research ranking the top 20 towns for first homebuyers looking to make a tree change. Victoria took out eight of the […]
These are the 20 best regional towns for Australian first homebuyers
Markets

The household finances of Australians are at a tipping point

More Australians are being forced to use their savings to cover rising costs. ME Bank’s biannual Household Financial Comfort Report shows the cost of necessities is the biggest financial worry. And about a quarter of Australian households have less than $1,000 in cash savings. Australians are increasingly dipping into savings, […]
The household finances of Australians are at a tipping point
News

The divide between Australia’s rich and poor is widening

Income cuts, record high job insecurity and high rates of underemployment are putting stress on the finances of Australians. The latest Household Financial Comfort Report by ME Bank shows a deterioration in “comfort with income”, which is at its lowest level since the Report began in 2011, at 5.55 out […]
The divide between Australia’s rich and poor is widening