Millions of Australians are turning to a second job to meet the rising cost-of-living pressures, amid concerns that job swapping has become too risky in the pursuit for a higher wage. Talent company Randstad has revealed the grim reality Aussies are facing in a new report. After surveying more thanContinue Reading
What price to do you put on a family? About $30,00 a year per child until they reach adulthood, according to research, and that’s a cost too high for a growing number of Australians. Several decades back, most young couples were married and starting a family by their early 20s,Continue Reading
China’s mum and dad investors, small businesses and employees are being cut loose. As Beijing grapples with how to revive the nation’s flatlining economy, they’re being left to carry the bills left by collapsing megacorporations. Property developers Evergande and Country Garden owe suppliers, builders, contractors and employees billions of dollars.Continue Reading
The Reserve Bank of Australia (RBA) has lifted the official cash rate by 4.0 per cent in only 13 calendar months, which is the steepest and largest monetary tightening in the nation’s history. According to independent economist Tarric Brooker, the RBA’s rate increases have lifted mortgage interest repayments an unprecedentedContinue Reading
Last week’s National Press Club address by Reserve Bank of Australia (RBA) governor Philip Lowe included this chart showing that the rise in mortgage rates in Australia has been more severe than most other developed nations: Australia’s rapid increase in average mortgage rates comes despite the RBA increasing official interestContinue Reading
Australians are tackling the cost of living crunch by dipping aggressively into their savings, new figures have revealed. The data, from a survey by comparison site Finder, found 47 per cent of Australians have taken money out of their savings account in the past 12 months. An average of $2,365Continue Reading
Brazil has just cut a deal with China to ditch the US dollar when paying each other for trade goods. It’s the latest victory in Beijing’s long-term drive to stomp on the greenback and establish the yuan as the dominant international currency. The deal, announced Thursday, has revived concerns aboutContinue Reading