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Showing 321 - 330 of 1401 results for "Household"

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
... insurance provides stable, long-term investment and injects significant funds into the economy. Life insurance channels household savings into productive investment, enables risk to be managed efficiently, complements social insurance and fosters more ...

Australia among the richest nations

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... Given the prevailing economic conditions, Credit Suisse anticipated that countries would not record large increases in household wealth. However, the confluence of rising asset prices and currency appreciation proved to be the opposite. Over the period ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... economy and 85% think short term interest rate policies are insufficient to support macroeconomic stability. Overall household debt has risen substantially relative to GDP from 70% in 1990 to almost 185% by 2020. Some three quarters of this debt is in ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... May -- the second highest print for the Index since April 2010. One that augurs well for the continued acceleration in household spending going forward, not to mention, the improvement in the country's labour market. Household consumption grew by ...

Chief economist update: OECD upgrades global growth but advises continued policy support

BENJAMIN ONG  |  TUESDAY, 1 JUN 2021
"The global economy has now returned to pre-pandemic activity levels." This was what the Organisation for Economic Cooperation and Development's (OECD) latest 'Economic Outlook' report revealed as it upgraded its projections for the world ...

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... contributions. In total, super funds released $36.4 billion during 2020. Most of this went towards the rent or mortgage, and household and credit card bills. According to the Australian Bureau of Statistics, the average withdrawals were $7728 and $7536 ...

Australian Unity to acquire aged care facility provider

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
... both in-home and residential settings," she said. She added that Greengate's aged care residences operate on the small household model endorsed by the Royal Commission. Australian Unity intends to finance the acquisition via its issue of the $120 million ...

Aged care workers depended on ERS: Research

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
Aged care employees relied more on the early release of superannuation (ERS) scheme compared to other workers health and community services sectors, research from HESTA reveals. The proportion of HESTA members who work in aged care and childhood education ...

Generational wealth gap continues to widen

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... inequity," he said. "It is driven by three domains in particular: the economic, the housing and government spending." Real household net wealth since 2004 increased by 87% for the age group 65 to 74, while for the younger age group between 25 and 34 ...

Aussies regret ERS withdrawals: AIST poll

KANIKA SOOD  |  TUESDAY, 18 MAY 2021
Nearly seven in 10 Australians who dipped into their superannuation during COVID-19 are concerned the decision has made them less financially secure, according to a poll from the Australian Institute of Superannuation Trustees. AIST also says one in ...