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Showing 1 - 10 of 114 results for "Household Income"

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... estimates around $140 billion of additional savings has been drawn down as at Q1 24. "Based on our forecasts for household income and consumption over 2024, the stock of 'other' excess savings accumulated over the pandemic will continue to decline until ...

Most Australians proactively retire: Research

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... surveyed said they lived comfortably, and majority did not think they would outlive their savings, regardless of household income," Mannix said.

Household income buoyed by property investments: CBA

MATTHEW WAI  |  TUESDAY, 23 JUL 2024
Average household income has been lifted through a poised rise in the rent and investment segments, as Aussies remain uptight on the front of cost-of-living, Commonwealth Bank data shows. Overall income growth is sitting at around 5%, with rent and ...

Cost-of-living crisis will persist into future: Study

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
... 36% sought to access the Age Pension for additional financial help. About one-third of respondents had a net household income of $1500 or less per fortnight and of these, 30% said the impact of increasing costs was severe. Even those with higher savings ...

Women the future of advice: Netwealth

CASSANDRA BALDINI  |  MONDAY, 13 FEB 2023
... workforce (75%) by 2025. The data further revealed 22% of Gen Y women will have higher-than-average levels of household income, estimated at over $150,000. Netwealth explained third of Gen Y and Gen Z (35%) women included in the research are single ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... this reduces affordability and leads to poor consumer outcomes. "This will be further exacerbated by the lower household income and spending in a high inflation environment," it said. Meanwhile, the reserves that were set aside in anticipation of a spike ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
Financial stability risks have increased as global financial conditions continue to tighten, according to the Reserve Bank of Australia's Financial Stability Review. The RBA cited a further tightening of financial conditions, an increase of debt-servicing ...

KPMG proposes tax offset, reform to boost gender equality

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
KPMG has proposed a Carers' Income Tax Offset (CARITO) as part of a wider effort to properly value time dedicated to unpaid work. CARITO would be a non-refundable tax offset, credited against any income tax payable upon people returning to work after ...

Strong wage growth lags inflation

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... flowing through to wages, which should keep the Reserve Bank of Australia (RBA) confident that wages will support household income, Barclays upheld. "We continue to expect three more 25 basis point hikes by the RBA," the bank said. Reinforcing their ...
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