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Economics

Top 10% of households home to 15 times more wealth

JAMIE WILLIAMSON  |  FRIDAY, 19 APR 2024
The average household wealth of Australia's richest 10% increased by 84% in the past 20 years, while that of the lowest 60% increased significantly less.

Powell backflips on rates pushing back RBA cut expectations

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
This comes as the IMF urges global central banks to remain vigilant to keep inflation down.

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
Income inequality is too high and continues to balloon in 60% of low- and middle-income countries studied by Oxfam International, tipping the Gini coefficient well above acceptable levels.

Job flexibility, labour market delay retirement age

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
Job flexibility and a tight labour market are keeping more Australians at work, research from KPMG finds, giving rise to a delay in their retirement.

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
Rising interest rates and weak disposable income growth have caused housing affordability to drop to its lowest point in decades, according to Queensland Investment Corporation (QIC) senior economists.

Powell confirms rate cuts likely 'at some point' this year

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
The US Federal Reserve chair confirmed the central bank is looking to slash interest rates in 2024.

Nobel Prize-winning economist Daniel Kahneman dies

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
The Nobel laureate was widely acclaimed for his research into behavioural economics.

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
The Reserve Bank of Australia's (RBA's) latest Financial Stability Assessment has said that although risks to global economy have been balanced as inflation has eased, risks to financial stability remain.

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
Martin Currie Australia chief investment officer Reece Birtles has warned that despite a prevailing 'Goldilocks' soft-landing view, deteriorating consumer health and a poor growth outlook this Australian reporting season hints at a hard landing.

Chalmers expected to deliver Budget surplus

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
In a pre-Budget address, the Treasurer said there will be no big cash splashes in this year's budget.