Category: Economic Insights
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What is money… really?
Economic History, Economic Insights, Financial Literacy, Financial Stability, Investment Strategies, Personal FinanceExplore the difference between money and currency, delve into the history of banking, and discover what constitutes real money. Learn why understanding these concepts is crucial, especially during economic instability.
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You might be surprised at what really drives interest rates
This article explains the factors that drive interest rates, including the roles of the RBA, APRA, and external economic influences. Learn how these factors impact your mortgage and financial planning decisions.
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The pros and cons of renting for life
Economic Insights, Financial Health, Financial Planning, Lifestyle, Lifestyle & Well-being, Personal Finance, PropertyIs the Great Australian Dream of homeownership becoming a thing of the past? With the rise of remote work, freelancing, and the allure of a flexible lifestyle, many are opting to rent for life. Renting offers mobility, freedom from maintenance, and financial flexibility, but it lacks asset accumulation and long-term stability. The choice between renting…
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Financial recovery: should you DIY or outsource your debt management?
Credit and Loans, Debt Management, Economic Insights, Financial Health, Financial Planning, Financial Wellness, Personal Finance, Support ServicesAustralia’s average household debt rose to $261,492 in 2021-22, while disposable income grew modestly to $139,064. With rising debt levels, interest rates, and living costs, many Australians are turning to debt management companies for help. These companies offer services like debt consolidation and creditor negotiation but come with their own set of pros and cons.…
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How having a flat tyre could send many Australians flat broke
Consumer Behavior, Credit and Loans, Diversification, Economic Insights, Financial Planning, Financial Wellness, Lifestyle, Lifestyle & Well-being, Personal FinanceThe Australian Bureau of Statistics reports that the national saving ratio has plummeted to a 17-year low of 1.1% of total disposable income. Nearly half of Australians have less than $1,000 in savings, with 20% having no savings at all. This financial instability is causing significant stress, with 76% of respondents feeling strained by their…
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Quarterly Economic Update: Jan-Mar 2024
The first quarter of 2024 saw significant economic developments in Australia. The government introduced changes to the Stage 3 Tax Cuts, aiming to provide greater benefits to middle-income earners. Inflation showed signs of easing, yet remained high in certain areas, prompting the RBA to maintain the cash rate at 4.35%. The stock market experienced record…
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