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Showing 1 - 10 of 110 results for "Household Income"

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 ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... scenario of a 300-basis point increase in interest rates by mid-2023 would see interest payments as a share of household income surge from 3.9% of income in Q1 2022 to 9.3% in Q4 2023, UBS said. While interest costs lifted more during the 2002-08 tightening ...

OECD projects sharp growth deceleration

ANDREW MCKEAN  |  THURSDAY, 9 JUN 2022
Russia's invasion of Ukraine immediately slowed the recovery from the Covid pandemic and set the global economy on a course of lower growth, the OECD said. The intergovernmental organisation's latest economic outlook said global growth would ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... household saving to income ratio fell from 13.4% to 11.4% as the increase in household spending outpaced growth in household income." "The 11.4% household saving ratio was the lowest since the start of the COVID pandemic but remains above pre-pandemic ...
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