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Showing 251 - 260 of 1400 results for "Household"

Norwegian wealth fund records $250bn loss

JAMIE WILLIAMSON  |  THURSDAY, 18 AUG 2022
Norges Bank Investment Management announced the Government Pension Fund Global lost 1.68 trillion Norwegian krone, which is the equivalent of almost $250 billion AUD in the first half of this year, largely driven by equity returns, primarily technology ...

Business confidence, conditions rally: NAB

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
... to soften more materially, which we expect to occur over the coming months as higher interest rates begin to weigh on household budgets." Meanwhile, ANZ-Roy Morgan consumer confidence levels dropped after the RBA raised interest rates for the fourth ...

Insignia Financial, Personetics partnership

CASSANDRA BALDINI  |  THURSDAY, 4 AUG 2022
... chief executive Renato Mota said consumer financial wellbeing is dependent on a continuum of support - from a basic household budget to comprehensive financial advice. "We believe innovation and technology will help us deliver advice across using various ...

Office for Women combats financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... the number of female victims is expected to be affected by traditional gender norms associated with the handling of household finances - which may mean that female victims of financial abuse are less likely to recognise and report their abuse compared ...

Tax exemptions overwhelmingly benefit the wealthy: OECD

CHLOE WALKER  |  FRIDAY, 22 JUL 2022
An Organisation for Economic Co-operation and Development (OECD) report indicates that Australia's lack of capital gains tax has led to a monumental increase in house prices that have unfairly affected the less wealthy. The report states that between ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... RBA's scenario of a 300-basis point increase in interest rates by mid-2023 would see interest payments as a share of household income surge from 3.9% of income in Q1 2022 to 9.3% in Q4 2023, UBS said. While interest costs lifted more during the 2002-08 ...

Treasurer announces RBA review

ANDREW MCKEAN  |  WEDNESDAY, 20 JUL 2022
... the economy more broadly." However, she believed there are several factors that suggest considerable resilience in the household sector to rising interest rates. Firstly, despite having high levels of debt, aggregate household balance sheets were in ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
Labour costs have played an insignificant role in the recent increase in inflation, according to an Australia Institute analysis. While a plethora of market commentary has expressed concern that aggressive wage growth will elevate inflation levels ...

Those most in need of advice see least value in it: Research

JAMIE WILLIAMSON  |  TUESDAY, 12 JUL 2022
... what most of them are willing to pay. For the purpose of the research, a lower socio-economic group is defined as a household with superannuation assets less than $250,000, or single-person household with less than $150,000 in super assets. A survey ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...