Investors around the world are worried record amounts of government stimulus will flow through to higher consumer prices as the global economy recovers from COVID-19. The fears have sparked major sell-offs in international sharemarkets and were kicked into overdrive when...
‘The sum is rather large, and I’m going to be asked at some point how much I inherited. I’m concerned that they will be jealous and resentful.’ Source
About 34,000 jobs were lost in April after JobKeeper ended, slowing the pace of Australia’s COVID-19 recovery for the first time in six months. The unemployment rate still fell to 5.5 per cent from a revised 5.7 per cent, because...
Extra cash savings weren’t the only thing Australians built up during the pandemic. New research from Roy Morgan shows workers have accrued a record 175 million days in annual leave entitlements – up 15.7 per cent on pre-pandemic levels –...
‘She left me for her pandemic boyfriend. She was caught at our vacation home with him.’ Source
A government plan to spend $600 million on a new gas-fired power plant has been labelled an expensive and unnecessary move that flies in the face of emissions reduction targets. Economists and energy analysts said it could even slug consumers...
Shadow treasurer Jim Chalmers will use an address at the National Press Club this afternoon to attack the Morrison government for delivering “generational debt without a generational dividend”. In a bid to win back voters impressed by the Coalition’s uncharacteristic...
‘I am 65 and get a monthly pension of $800 and receive $1,800 Social Security every month. I have no savings, and own two properties.’ Source
Australians are allegedly being ripped off by dodgy timeshare contracts that have locked them into paying hundreds of dollars in annual fees for decades. Consumer group Choice is urging corporate regulator ASIC to investigate new reports that vulnerable retirees who...
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