Workers on new collective agreements are scoring average wage increases of up to 5.8 per cent according to fresh data released by the workplace umpire. The latest fortnightly wages data for enterprise agreement applications to the Fair Work Commission found showed average annual pay rises were 4.8 per cent acrossContinue Reading
For many people, owning your own home is seen as the Great Australian dream and a key achievement to strive towards. Unfortunately, rising interest rates, skyrocketing house prices and the ever increasing cost of living means that dream is becoming harder and harder to obtain. The age at which AussiesContinue Reading
A top investment strategist has predicted the Australian dollar will drop to a record-low of US 40 cents in as soon as five years, as the world begins to enter a global recession. David Llewellyn-Smith of MB Super and Nucleus Wealth attributes the plunge to several factors, but emphasised theContinue Reading
Generation Z are staying broke well into their twenties thanks to the cost of living crisis. Having no money is a rite of passage as a young person; it usually takes place in your university days. You’re studying, working part-time and broke. Sure, there’s the odd exception to the rule,Continue Reading
Earlier this month, Treasurer Jim Chalmers announced that Australia’s first national “wellbeing framework” would soon be released that will comprise around 50 indicators showing how Australians are tracking over time. Dr Chalmers said the wellbeing framework “will help us track our journey towards a healthier, more sustainable, cohesive, secure andContinue Reading
An Australian woman has gone viral after revealing the insane price of an everyday staple being sold at our biggest supermarkets. In her clip, which has attracted tens of thousands of likes and comments, TikTok user @beep___yen revealed that Woolworths and Coles were selling an eight-pack of Schick Hydro 5Continue Reading
The Reserve Bank has delivered homeowners a reprieve leaving interest rates steady at 4.10 per cent but warned it may be short-lived because inflation remains too high. In another decision that surprised analysts and defied experts’ predictions, the RBA said that it needed more time to analyse how the economyContinue Reading
One state’s priorities have been questioned after an inquiry into funding revealed its government has prioritised horse and greyhound racing over a worsening housing crisis. On Friday, Victorian Treasurer Tim Pallas was grilled about the state’s new budget by the Public Accounts and Estimates Committee. The Inquiry into the 2023-24Continue Reading
More Australians have entered the workforce in the first year of the Albanese government than in the early days of any other administration in history. That’s according to new treasury analysis of ABS employment data, which also shows wages are growing faster, and more people are getting wage rises thanContinue Reading
An Aussie bank boss who rakes in millions per year has shared some stunningly out-of-touch advice for those struggling to make ends meet. Speaking with RN Breakfast’s Patricia Karvelas on Thursday morning, NAB CEO Ross McEwan discussed Australia’s cost of living crisis as well as interest rates and wages growth.Continue Reading