Tag Archives: Australian Economy
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. Continue reading
Posted in Economic Insights, Financial Health, Financial Planning, Mortgage and Loans, Personal Finance
Tagged APRA, Australian Economy, Banking Regulator, BBSW, Economic Health, Financial Planning, Fixed Rate, Inflation, Interest Rates, Mortgage rates, RBA, Variable Rate
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How having a flat tyre could send many Australians flat broke
The 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 current situation. The stark contrast between the average savings of $36,095 and those struggling underscores the divide. With many Australians living paycheck to paycheck, even minor emergencies like a flat tyre could push them into debt. Experts urge the importance of building a savings buffer and finding ways to reduce expenses and increase income to alleviate financial pressure. Continue reading
Posted in Consumer Behavior, Credit and Loans, Diversification, Economic Insights, Financial Planning, Financial Wellness, Lifestyle, Lifestyle & Well-being, Personal Finance
Tagged Australian Bureau of Statistics, Australian Economy, Australian Household Expenditure, Buy-Now-Pay-Later, Consumer Research, Cost of Living, Credit Cards, Disposable Income, Emergency Savings, Expense Reduction, Financial Advice, Financial Planning, Financial Stress, Finder’s Consumer Sentiment Tracker, Flat Tyre, Graham Cooke, High-Interest Savings Account, Income Streams, Investment Advice, Loans, Pay to Pay, Saving Ratio, Savings, Savings Buffer, Savings Goal, Super Savers
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