household disposable income

The powerful people who control the purse strings of Australia’s biggest companies are worried about what lies ahead next year, coinciding with a warning the economy has “hit a wall”.Consulting firm Deloitte released its biannual CFO…

The Australian share market soared on Wednesday with the benchmark posting its biggest daily gain in more than a year on hopes that the Reserve Bank is done raising rates. The benchmark S & P/ASX200 index vaulted 1.7 per cent, or 116.8…

Just about everywhere you look, there are worsening signs that Australia is no longer the lucky country.From record-high rents to skyrocketing mortgages, a cost-of-living crisis to the alarming emergence of a ‘working poor’ population, the…

This month, the Albanese government has broken three records for poor economic management and declining living standards.The first of these records relates to Australia’s real household disposable income, which is arguably the single best…

One of the nation’s biggest consultancy firms has spectacularly unleashed on the Reserve Bank of Australia, slamming the board for “tempting fate” and putting the economy “on a knife-edge”.According to the newly-released Deloitte Access…

Reserve Bank governor Philip Lowe has warned not enough homes are being built to keep pace with population growth, driving up rental prices and exacerbating the cost of living crisis. The rapid increase in the cost of renting a property and…

Mortgage rates are expected to rise again for the 10th time in a row after the Reserve Bank board meets on Tuesday.But those hoping this will be the last of the rate hikes are in for a very big disappointment.The big four banks – the…

Renowned economist Nouriel Roubini, dubbed “Dr Doom”, has warned that the world is facing a looming “stagflationary debt crisis” that will be “the worst of all worlds for workers”.Speaking with ABC’s The Business on Thursday, Dr Roubini…

As Australians grapple with the increasing cost of living and the looming threat of further rate rises, Westpac has made a surprising prediction.The big bank published a weekly report on Monday that forecast seven interest rate cuts in 2024…

More than one-third of Australians are experiencing some form of financial hardship, ranging from being unable to pay a bill or rent on time to covering medical expenses, according to NAB research.The NAB financial hardship survey involved…