Savings Account News

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

Superannuation rise will strip $20b from wages: Grattan Institute

Labor and the Coalition’s plan to increase compulsory employer superannuation contributions will strip $20 billion off workers’ wages once fully implemented, according to the Grattan Institute.

By Emma Duffy ● May 03, 2019

NAB cuts dividend in wake of mounting costs from royal commission

National Australia Bank (NAB) has been forced to slash its dividend after massive customer compensation bills in the wake of the Hayne inquiry.

By Emma Duffy ● May 02, 2019

Cost of living increases are starting to slow

The cost of living might be a key topic of conversation in the buildup to the federal election, but the latest data shows things might not be as bad as they’re made out to be.

By William Jolly ● May 01, 2019

Financial illiteracy among older Australians is at “dangerous levels”

A simple three-question quiz has stumped nine in 10 older Australians in a study researchers say has exposed the “dangerous levels” of financial illiteracy among Baby Boomers.

By Emma Duffy ● April 26, 2019

Australia is a casual work nation, and most of these jobs face automation, OECD warns

About 36% of Australian jobs face a high risk of being automated, which could lead to the emergence of lower quality jobs as a result, the Organisation for Economic Co-operation and Development (OECD) says.

By Emma Duffy ● April 26, 2019

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