Australian financial comfort falls – ME Bank

Households across the country are feeling worse about their net wealth, jobs, income and living expenses than at the start of the year, according to a recent survey.

No pay rise for Aussies in eight years

The median household disposable income for Australians hasn’t gone up in eight years. In fact, it’s gone slightly backwards.

Commonwealth Bank slashes savings account rates

Commonwealth Bank has stung savers by cutting interest rates on its savings accounts by up to 25 basis points, making it the last of the big four to reduce savings rates this month.