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Showing 151 - 160 of 1401 results for "Household"

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... same age. ASFA chief executive Mary Delahunty said retirees are feeling considerable cost of living pressure on their household budgets and added that ongoing inflationary pressure has reinforced the need for Australia's strong superannuation system. ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... consumption," the RBA minutes said. Allen said the Statement on Monetary Policy noted that a judgement had been used to lower household consumption compared to what the models suggested, based on household disposable income forecasts. "Currently households ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
New research from the Productivity Commission has revealed changes to income and wealth levels during COVID-19. "The initial pandemic period saw an unprecedented decline in income inequality. The incomes of lower-income households grew rapidly in relative ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... go at every checkout," Chalmers said when presenting the Budget to parliament. "New help with energy bills for every household and for small business. Stronger Medicare in every community. More homes in every state and territory. More opportunities in ...

Top 10% of households home to 15 times more wealth

JAMIE WILLIAMSON  |  FRIDAY, 19 APR 2024
The average household wealth of Australia's richest 10% increased by 84% in the past 20 years, while that of the lowest 60% increased significantly less. A new report from ACOSS and UNSW Sydney's Poverty and Inequality Partnership - titled Inequality ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... stocks with defensive earnings, robust cash flows, strong balance sheets and cost control amid the ongoing contraction in household budgets. "We believe that now is the time for investors to evaluate the balance in their portfolios. It's important for ...

Chalmers expected to deliver Budget surplus

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... by only 1.75% in 2023-24, before regaining momentum in 2024-25 as improving real incomes growth support a recovery in household consumption.

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
... and electricity - begin to ease." The ASFA Standard covers everyday expenses like health, communication, clothing, and household goods. It accounts for community expectations and changing lifestyle spending habits. "The cost of medical services increased ...

Aussies do not underspend in retirement, say super funds

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... they reach their life expectancy age, and more than 40% are retiring with mortgage debt - 33% of which, if a coupled household, would exhaust their super in paying off. The research also found that retirees find the super system and retirement too complex. ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... retail trade, and repair of motor vehicles and motorcycles drove the 0.6% decline in activity in the fourth quarter. Household consumption fell 0.1% in the last quarter as a result of lower spending on recreation and culture, miscellaneous goods and ...