Savings Account News

Savings and investments sets the wealthy apart – not level of income

The latest Investment Trends research shows the number of high net worth individuals (HNWI) in Australia has risen to a record 460,000 people, reasserting Australia as one of the wealthiest countries in the world.

By Emma Duffy ● May 24, 2019

Australian dollar, share market surges after shock election result

The Australian dollar has surged at the market open after the Liberal National Party (LNP) clung to power in a shock election victory on Saturday.

By Emma Duffy ● May 20, 2019

How does financial anxiety impact Aussies’ wellbeing?

A report by National Australia Bank (NAB) has found that concerns over personal finances are among the biggest detractors from Australians’ wellbeing.

By Emma Duffy ● May 17, 2019

Most customers willing to share data with banks despite many losing trust

Despite low levels of trust, most banking customers are willing to share their data with their banks so long as their needs are met, according to a global study by Accenture.

By William Jolly ● May 17, 2019

Wage growth stationary: Annual rate remains at 2.3%

The wait continues for an acceleration in wage growth in Australia, as latest figures show the annual growth rate remains below average at 2.3%.

By Dominic Beattie ● May 15, 2019

Household financial confidence plummets to its lowest level

A combination of falling property prices, stagnant wage growth, rising cost of living and increasing levels of debt have pushed household financial confidence to its lowest level, according to Digital Finance Analytics (DFA).

By Emma Duffy ● May 10, 2019

Cost of living remains the biggest cause of consumer anxiety

Australians are feeling the pinch of stagnant income growth, as the cost of living remains the biggest cause of consumer anxiety – and it’s having an impact on their savings.

By Emma Duffy ● May 09, 2019

Aussie bankruptcies hit 24 year low

Despite record high levels of household debt and mortgage stress in Australia, fewer Australians are filing for personal bankruptcy.

By Dominic Beattie ● May 09, 2019

Retail turnover is up in March, just

Australian retail turnover rose 0.3% in March, slightly beating market expectations.

By William Jolly ● May 07, 2019

Most voters support higher minimum wages and Sunday penalty rates

Most voters believe the minimum wage should be raised and people should be paid more for working on Sundays, according to the ABC’s Vote Compass.

By Emma Duffy ● May 07, 2019

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