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Households ease back on spending in June

Australian consumers returned to tightening their belts in June, with spending falling for the first time since March. Australian Bureau of Statistics (ABS) data

Financial security out of reach for Australian youth

More than half of Australia’s youth believe they will be worse off than their parents, with many doubting they will find financial security in the future. The 2024

Fruit and vege prices drive inflation to 3.8 percent

Housing and food prices, including a more than six percent rise in the cost of fruit and vegetables, drove a one percent rise in the Consumer Price Index (CPI) last

Maccas hit with rare global sales drop

McDonalds has experienced its first global sales drop in four years as the post-pandemic cost-of-living roller coast continues. The food giant reported that global

High-interest cards cost Aussies over $468m

Australians cost themselves more than $468 million over the past six years by not switching to low-interest credit cards. A new Australian Securities & Investments

World eyes bulging billionaire balance sheets

Australian billionaires have increased their wealth by more than 70 percent in less than five years. New analysis from Oxfam, released today ahead of a meeting of G20

Green shoots in consumer confidence

Australian consumer confidence has hit a six-month high, with the largest weekly jump in more than three years. ANZ Economist Madeline Dunk said consumer confidence rose

Spending cuts entrenched in daily lives

Australians continue to cut back on spending across the board, but are working hard to minimise the impact on their children and pets. The latest NAB Consumer Sentiment

Generation gap emerges in eco-spending

A distinct generation gap has emerged in “sustainable” spending habits as 40 percent of people say they are cutting back on purchases of new products. A survey of

Spending data reveals divergent trends

Australians increased spending on travel and gyms last month, propping up sluggish overall household spending, as renters continued to struggle. The June CommBank

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