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| | | As the new financial year began, Treasurer Josh Frydenberg clarified the stimulus measures the government will use to assist Australians in the recovery from the COVID-19 pandemic. Tax relief for low and middle income earners came into effect from 1 ... |
| | | | ... outlook for inflation is especially important because it determines the real rates of return on investments and for household spending. Then again, latest CPI data show that despite the trillions of dollars or euros or yens or pounds, or whatever currency ... |
| | | | The Australian Financial Complaints Authority has reported a 13.7% rise in monthly complaints in the last financial year with most being about superannuation, insurance claims and credit. Australians in dispute with their super fund, bank, insurer or ... |
| | | | ... effect of 62 cents in the dollar." This suggests Australian households are saving a much higher proportion of current household income than would otherwise be the case. Therefore, ASFA says the superannuation guarantee is not only doing its job but has ... |
| | | | ... reversed Cinderella story. From midnight Sunday, planned easing of restrictions for restaurants and pubs, and limits on household and public gathering were suspended (some even tightened) until midnight on July 12. The Andrews government was forced into ... |
| | | | The International Monetary Fund (IMF) said in surveying the economic landscape, the sheer scale and severity of the global lockdown has been striking. Gita Gopinath, economic counsellor and director of the research department at the IMF, said the "Great ... |
| | | | ... "However, this is prior to markets showing the impact of COVID-19," he said. Kelly added that with the new lending to household data released by the Australian Bureau of Statistics, lending to households for investment in dwellings decreased 16.3% over ... |
| | | | ... the COVID-19 pandemic." Private demand detracted 0.8 percentage points from GDP, driven primarily by a 1.1% fall in household final consumption expenditure. Spending on services fell significantly, particularly where restrictions impacted most severely ... |
| | | | ... with low wage growth holding back consumer demand and business investment. He suggests three policy solutions; boost household incomes, increase wages, or retrain and up skill workers. Boosting household incomes could be achieved through government payments ... |
| | | | Reserve Bank of Australia governor Philip Lowe has called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been ... |
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