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Showing 531 - 540 of 1421 results for "Household"

Analysts remain wary as ASX breaks 7000

ALLY SELBY  |  FRIDAY, 17 JAN 2020
The S&P/ASX 200 Index has broken the 7000 mark following news of Trump and China finally signing a trade deal, but analysts remain wary of the new record high. The Index gained 47 points on Thursday to finish at 7041.8, setting a new record high for ...

VanEck launches new income product

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... VanEck said that several factors are holding back economic activity in Australia, keeping interest rates low. "Both household-debt-to-income and house-prices-to-income ratios are very high. Other than Switzerland, Australia has the highest level of household ...

Bank of Mum and Dad forking out serious dosh

ALLY SELBY  |  TUESDAY, 14 JAN 2020
... out an average $250-$300,000 to help their children afford a home deposit, according to retirement funding provider Household Capital's chief executive Josh Funder. "For a lot of Baby Boomers they enjoy such great longevity that their children don't ...

Chief economist update: Aussie Black Friday spend will end Saturday

BENJAMIN ONG  |  MONDAY, 13 JAN 2020
... weren't able to coax highly indebted Australian consumers to go on a spending spree. As at the September 2019 quarter, household debt to disposable income was tracked at 187.0%. Especially not when wages growth remains stagnant - the annual pace ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
The Reserve Bank of Australia will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until all risks and regulatory requirements have been mitigated. And even if these regulatory requirements were met there wouldn't be ...

The super choice of the super wealthy

ELIZA BAVIN  |  WEDNESDAY, 1 JAN 2020
... economy and slowdown in consumer spending. ABS data released last week showed that consumer spending was outstripped by household saving for the first time in five years, while the retail sector has slumped to its weakest level since the 1990s. Despite ...

Industry fund pushes for simpler super splitting

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2019
One of the nation's largest super funds has joined forces with Women's Legal Service Victoria (WLSV) to simplify the process of splitting super assets. HESTA said it is working with WLSV to remove barriers preventing women from claiming their fair share ...

Chief economist update: A penny saved, a penny not earned by the economy

BENJAMIN ONG  |  FRIDAY, 6 DEC 2019
... what the September quarter National Accounts underscored when it revealed that despite the 2.5% quarterly increase in household disposable income in the third quarter (from a mere 0.3% in the June quarter) -- "driven by a decline in income tax payable ...

Chief economist update: Australian economy gently turning which way?

BENJAMIN ONG  |  THURSDAY, 5 DEC 2019
... off third quarter GDP growth. Low interest rates and "recent tax cuts" also failed to encourage consumers to spend. Household consumption's contribution to the September quarter's GDP growth halved from 0.2 pps in the June quarter to 0.1 pps ...

Chief economist update: Lower rates still fail to animate

BENJAMIN ONG  |  FRIDAY, 29 NOV 2019
... US-China trade deal and indications of a bottoming in global manufacturing activity) and the persistent weakness in household spending (due to the high level of household indebtedness), perhaps not. Former RBA governor Glenn Stevens had already spoke ...