For the first time in its 124-year history, Treasury will be led by a woman. Jenny Wilkinson’s appointment is historic in its own right. Even more remarkable is the fact she joins Michele Bullock at the Reserve Bank and Danielle Wood at the Productivity Commission. Australia’s three most powerful economic institutions […]
finance
Treasurer Jim Chalmers will bring down the federal budget on Tuesday. It’s likely most of the major spending initiatives have already been announced. An extra A$8.5 billion in spending on Medicare will aim to ensure nine out of ten GP visits will be bulk billed by 2030. Queensland’s Bruce Highway is to […]
Millions of Australians are overspending to keep up appearances, often beyond what they can afford, according to new research by comparison website Finder. Social pressure, made worse by social media, is causing many to face serious financial problems. A survey of 1,062 people revealed that 30% – or 6.3 million […]
A central focus of this week’s budget is the treasury’s forecast for inflation. By this time next year, inflation is projected to be back within the Reserve Bank’s 2-3% target range. Inflation has dropped dramatically from its peak of 7.8% just 18 months ago, but the last mile – getting from the present […]
Millions of Australians have less than a grand to their name and about 3 in 4 say they are stressed with their current financial situation. A recent study conducted by the comparison website Finder has unveiled concerning statistics about the financial situation of Aussies, shedding light on a stark contrast […]
A growing number of young Australians are turning to social media creators for financial guidance. About 30% of Australians, equivalent to 6 million people, now seek advice on spending, saving, and investing from online personalities, according to new research by comparison site Finder. Notably, it’s the younger demographics that are most […]
Financial stress is a pressing concern for nearly 12 million Australians, according to a recent survey conducted by the comparison website Finder.com.au. The study underscores the profound impact of money pressures on individuals’ overall well-being and quality of life, with younger demographics particularly affected. The survey revealed alarming statistics, with […]
A staggering two-thirds of Australian women (69%) find themselves grappling with financial stress, in stark contrast to 49% of men, highlighting ongoing economic inequality. An International Women’s Day Report by comparison website Finder delves deep into the chasm separating men and women in terms of financial stability. It found over […]
Australia’s housing crisis is putting the Australian dream to own one’s home out of reach for many. But it’s not just home ownership that has been affected. Rental affordability has also become a serious issue. This has reignited the debate about negative gearing; whether or not it is fair and whether it holds the […]
A growing number of Australians are struggling to make credit card repayments amid the cost-of-living crisis. An estimated 1.8 million people, equivalent to 13% of all credit card holders, have encountered difficulties in meeting their repayment obligations over the past three months, according to comparison website Finder. Of this group, […]
