millennials save money

Banking Code shaken up to better protect customer

In response to recommendations from the Hayne Royal Commission’s final report, the Banking Code of Practice will be revamped to provide better protections for Australian banking customers.

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millennials save money

Westpac & UBS flag further housing market weakness

Analysts from two of Australia’s biggest financial institutions have warned that tightening lending standards could continue to lower house prices and weigh down the economy.

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millennials save money

Comfortable retirement costs rise slightly

The annual cost of a ‘comfortable’ retirement for 65-year-old retirees has risen to $60,977 for couples and $43,317 for singles, according to the latest figures.

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millennials save money

Aussies spending less due to slow wage growth and falling house prices: RBA Governor

Australia’s economic outlook has been affected by soften-than-expected consumer activity, according to RBA Governor Philip Lowe.

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millennials save money

Average weekly full-time salary rises 2.4% to $1,605

Following the release of the latest wage price index figures, the ABS has today revealed the average weekly earnings for full-time Australian adults in November 2018 was $1,604.90.

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millennials save money

Annual wage growth remains at 2.3%

Australian wages grew 0.5% over the December quarter of 2018, keeping the country’s annual wage growth figure at 2.3%, according to figures released by the ABS today.

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millennials save money

Aussie consumer spending rebounds

Despite housing market weakness and slow wage growth, Australian consumers appear to have loosened their purse strings over January, according to new data.

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millennials save money

Grocery shoppers want more stores to use ‘unit pricing’

A large majority of Australian grocery shoppers appreciate seeing unit pricing on shop labels in supermarkets and want to see them expanded to more stores, according to a national survey.

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millennials save money

First Home Super Saver Scheme could be phased out

Australians may soon lose the ability to save for a deposit on a first home through their super fund, should the Labor Party win the next federal election.

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millennials save money

Cost of living a key concern for Aussie millennials

A new report has revealed that for many Australian millennials, ‘the cost of living’ is considered to be the most important issue ahead of the upcoming federal election.

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