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Showing 671 - 680 of 1421 results for "Household"

Super scorecard to shift consumer playing field

DARREN SNYDER  |  THURSDAY, 31 MAY 2018
... average retirement balance was $292,000, Cooper said. Figure 2. Largest industry funds by assets in retirement phase "On a household basis, at retirement our super system is delivering meaningful balances. So much so that six out of 10 retirees are now ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... to trustee boards. Finally the PC also says MyRetirement default products are not warranted. It said the diversity in household preferences, incomes, and other assets when approaching, and in, retirement means there is no single retirement product that ...

Big data's big retirement benefits

DARREN SNYDER, STEPHEN FAY  |  MONDAY, 28 MAY 2018
J.P. Morgan Asset Management says big data is allowing retirement income products to be better customised to the individual and more dynamic in managing retiree spending. The asset manager has designed a solution in the US, assisted by retiree data ...

Chief economist update: Forget asking for a pay rise

BENJAMIN ONG  |  FRIDAY, 18 MAY 2018
... quarter of this year. The government's (and Labor's) proposed tax cuts should help mitigate the 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 ...

Chief economist update: Stuck in the very slow lane

BENJAMIN ONG  |  WEDNESDAY, 16 MAY 2018
... quarter but public sector wages slowed by more - from 2.44% to 2.35%. Lacklustre wages growth would continue to dampen household spending that's already saddled with record high levels of debt. The good news is that, my back of the envelope calculations ...

Only 17pct of Aussie families seek advice: St.George

HARRISON WORLEY  |  TUESDAY, 15 MAY 2018
... money separate. Miller said it was interesting that only half of families combine their income, and added that sharing household expenses via a joint account might lead to better budgeting. "Opening up a joint account is a great way for parents to share ...

Chief economist update: All Ords rising

BENJAMIN ONG  |  TUESDAY, 15 MAY 2018
... government reducing tax payables, the promised tax cuts should help plug a missing link between lacklustre wage growth and household spending. Wage growth has remained sluggish - up 2.1% in the December 2017 quarter from 2% in the previous quarter. The ...

Chief economist update: When good oil goes bad

BENJAMIN ONG  |  THURSDAY, 10 MAY 2018
... but they're a blessing for others. The reason being that lower oil prices are, net positive for growth. They increase household disposable income, lifting consumption and by extension, economic growth. They reduce business input costs, increasing margins ...

Morrison sharpens blockchain, AI agenda

KARREN VERGARA  |  WEDNESDAY, 9 MAY 2018
Australia's open banking, blockchain and emerging fintech sector received a funding boost in last night's Budget, a move the Treasurer said will increase competition and create new jobs. Treasurer Scott Morrison said the funding boost will build on ...

Chief economist update: Not as good as it gets

BENJAMIN ONG  |  MONDAY, 30 APR 2018
... of disposable personal income in the March quarter from 2.6% in the December 2017 quarter. These ensure a rebound in household consumption in the coming months, lifting sales and profits and share prices. Then again, it would also lift inflation and ...