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Showing 1 - 10 of 1257 results for "Household"

RBA minutes confirm potential August rate hike

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
... minutes also contained a discussion on whether demand was holding up better than expected, with the upward revisions in household consumption and the gradual strengthening of the global economic cycle pointing towards a potential rate hike. "Ultimately ...

Bendigo and Adelaide Bank appoints new chief executive

ANDREW MCKEAN  |  TUESDAY, 2 JUL 2024
... through prudent management of its branch network and Community Bank model, which has shored up its "market leading" household deposit to loan ratio. She added this his experience leading branch and third-party networks, along with his delivery of the ...

Australian wealth rises to $16.2tn

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
Data from the Australian Bureau of Statistics (ABS) revealed household wealth rose for a sixth straight quarter, by 2.7% in the March quarter to total $16.2 trillion. Residential land and dwellings was the largest contributor to quarterly growth in ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
Despite many initiatives, financial literacy, capability, and wellbeing levels have dropped in Australia, according to research commissioned by Ecstra Foundation and conducted by SVA Consulting. The International approaches to progressing financial ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
Stronger business and government investment, population growth and budget positions have seen Australia record its best international competitiveness ranking since 2011. The nation rose from 19th to 13th in the IMD World Competitiveness Yearbook 2024 ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... economy. Rising mortgage payments along with a lift in tax payable and the effects of elevated inflation have weighed on household purchasing power. And the tailwind of pent-up savings on consumer spending has largely run its course." Aird said data ...

How much do you need to retire in Australia?

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... same age. ASFA chief executive Mary Delahunty said retirees are feeling considerable cost of living pressure on their household budgets and added that ongoing inflationary pressure has reinforced the need for Australia's strong superannuation system. ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... consumption," the RBA minutes said. Allen said the Statement on Monetary Policy noted that a judgement had been used to lower household consumption compared to what the models suggested, based on household disposable income forecasts. "Currently households ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
New research from the Productivity Commission has revealed changes to income and wealth levels during COVID-19. "The initial pandemic period saw an unprecedented decline in income inequality. The incomes of lower-income households grew rapidly in relative ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... go at every checkout," Chalmers said when presenting the Budget to parliament. "New help with energy bills for every household and for small business. Stronger Medicare in every community. More homes in every state and territory. More opportunities in ...
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