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Showing 31 - 40 of 105 results for "Household Debt"

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... sixteen tons, what do you get? Another day older and deeper in debt..." The zero growth in real wages is sure to keep household debt at record levels - 190.1% of household disposable income in the March quarter (latest available) or shoot up to fresh ...

Chief economist update: Australian dollar loss is economy's gain

BENJAMIN ONG  |  THURSDAY, 12 JUL 2018
... rate hike. But I guess this is the lesser of two evils. A rate reduction would re-ignite the fire of already high household debt levels - the latest stats from the Australian Bureau of Statistics (ABS) show that household debt to disposable income increased ...

Chief economist update: Another five minutes of sunshine?

BENJAMIN ONG  |  THURSDAY, 7 JUN 2018
... should help alleviate weak household finances and perhaps, stir stronger consumption (if not used to pay off high household debt). I. Private investment increased by 0.5% over the March quarter, not strong enough to fully compensate for the 0.9% decline ...

Chief economist update: Forget asking for a pay rise

BENJAMIN ONG  |  FRIDAY, 18 MAY 2018
... weakness in household consumption as a result of the continued weakness in wages. Then again, given the high level of household debt, much of these would be diverted into debt repayments rather than consumed. This doesn't augur well for overall Australian ...

Chief economist update: RBA certain to raise interest rates

BENJAMIN ONG  |  THURSDAY, 12 APR 2018
... authorities successfully managing the build-up of risk in their financial system. Domestically, the high level of household debt remains a source of vulnerability, although the risks in this area are no longer building, following the strengthening of ...

Chief economist update: Another five minutes of retail sunshine?

BENJAMIN ONG  |  FRIDAY, 6 APR 2018
... quarter from 2% in the previous quarter and not far above the record low annual growth rate of 1.9%. So too are household debt levels. The household debt to disposable income ratio even climbed to 188.6% in the fourth quarter of 2017 from 187.3% in the ...

Chief economist update: She'll be right, mate!

BENJAMIN ONG  |  THURSDAY, 15 MAR 2018
... growth would first need to accelerate from their current sluggish pace of around 2.1%, that'll be used to repay high household debt and only then will household be able to consume more.

Chief economist update: Next move in rates will likely be up, but it's not certain

BENJAMIN ONG  |  WEDNESDAY, 7 MAR 2018
... December and 2.9% in November 2017. Just as I scribbled on this page back in October 2017; "Faced with record high household debt, sluggish wages growth (zero real wages growth), rising utility costs, decreasing disposable income and dwindling savings ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
Raised volatility on Wall Street, North Korea, American protectionism, stagnant wages growth and high household debt levels, rising electricity prices and still elevated property prices - and more recently, Barnaby Joyce - these are a few of (not my ...

Chief economist update: The real growth in wages

BENJAMIN ONG  |  THURSDAY, 22 FEB 2018
... compared with the same quarter in 2016 while the public sector staff got A$530. This, along with the high level of household debt, helps explain the continued weakness in retail spending and the NAB business survey for January that found broad-based ...