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Showing 371 - 380 of 1401 results for "Household"

Household capital a retirement solution: Research

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
The potential fourth pillar of retirement income, accessing household capital, could be the solution to a comfortable retirement, new research shows. The latest research from Heartland Seniors Finance conducted by RMIT University found 90% of senior ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... above the long-run average of +6. Improved consumer and business confidence would set off a virtuous circle of increased household spending, higher corporate profits, lifting business confidence, raising employment, buoying consumer confidence... Then ...

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
... minus 5.8% from negative 10.2% in the June quarter. The details are even better with the National Accounts showing that household consumption contributed 2.7 percentage points to the 5.3% quarterly growth in September. Updated monthly data indicate continued ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... workers giving up on looking for work - the participation rate decreased to 61.5% from 61.7% in October. Moreover, the household survey showed that the number of people reporting they still have a job but not at work due to illness soared to 1.85 million ...

Super lifting retirees' financial wellbeing: HILDA

KARREN VERGARA  |  THURSDAY, 3 DEC 2020
... less financial stress, but this is creating greater income inequality, the 2020 HILDA survey found. Research from the Household, Income and Labour Dynamics in Australia Institute found that the mean wealth of retirees grew by 79% and median wealth grew ...

RIR reveals bleak financial upside for disabled people

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... likely to rent in retirement. People with a mild or moderate disability were found to have 82% of the average equivalised household wealth held by the total population. For people with a profound or severe disability, the comparable figure is 72%. People ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... there yet. The economy remains 3.8% lighter than it was a year ago but the sharp advance in the main component of GDP - household consumption - portends good tidings. Here's the ABS' take: "Household spending drove the economy, rising 7.9 per ...

Reverse mortgages used to extinguish debt

KARREN VERGARA  |  THURSDAY, 26 NOV 2020
More older Australians are increasingly using reverse mortgages to pay off debt, a new survey found. RMIT University found two in five (44%) seniors used reverse mortgages to refurbish their homes after surveying over 9700 customers of Heartland Seniors ...

Chief economist update: The virus, the vaccine and Trump

BENJAMIN ONG  |  MONDAY, 23 NOV 2020
It's quite a delicate balance - akin to the "will it, won't it" speculations on Fed policy decisions BC (before COVID) - but it appears that the dying days of 2020 swing between optimism and pessimism depending on which side of the bed financial ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
The Age Pension is a vital pillar of the retirement income system and provides most Australians with a minimum standard of living but a new approach is required to ensure retirees that rent reach this goal. The long-awaited Retirement Income Review ...