Australia’s total credit card debt attracting interest charges has dropped for the first time in six months, as households finally start to reign in their burgeoning credit card debts. The latest RBA credit card statistics released for the month of May show Australia’s total credit card bill attracting interest charges is now $17.61 billion –…
What is your priority – health or wealth? Well, Aussies are putting their bank account ahead of their health and friendships, according to new research by Finder. The survey with 1,102 respondents revealed 2 in 5 (43%) have sacrificed something for more wealth and success. What have you sacrificed for a higher income/career success? Sleep…
Millions of Australians would prefer their inheritance to be distributed prior to their relative’s death, according to new research by Finder. A Finder survey of 1,062 respondents revealed more than 1 in 3 (36%) Australians – equivalent to 7.5 million people – expect to receive an inheritance over the coming decades. The research found 1…
Household wealth rose for a sixth straight quarter by 2.7 per cent ($431 billion) in the March quarter 2024, according to recently released figures by the Australian Bureau of Statistics (ABS). Total household wealth was $16.2 trillion in the March quarter, which was 10.2 per cent ($1.5 trillion) higher than a year ago. Residential land…
As the end of the financial year approaches, there are a few changes on the horizon for Australians. These changes along with some data will impact people and how they are struggling, according to Finder. Key changes Stage 3 tax cuts The Australian government has announced changes to the proposed stage 3 cuts, planned to…
Impulse purchases are costing people thousands of dollars every year, according to new research by Finder. The survey of 1,071 respondents found the average Australian splurges $44 a week on impulse purchases – $915 million nationwide every 7 days. That’s the equivalent of $2,278 a year – $47.5 billion nationwide – spent on everything from chocolate…
Australia’s total credit card debt attracting interest charges has risen for the fifth month in a row, as households across the country struggle to get on top of their credit card debt. According to the latest RBA credit card statistics for the month of April, the total credit card bill attracting interest on personal credit…
Younger Australians in their mid-to-late twenties have significantly reduced their spending more than any other age group, according to the latest CommBank iQ Cost of Living Insights Report. In contrast, those over 65 continue to spend at rates above inflation. The report reveals that those aged 25-29 have cut their spending by 3.5% compared to…
Australia’s $48 billion education industry, our fourth-largest export sector, is about to take a significant hit, and it’s all tied to three main reasons: inflation, housing pressures, and the upcoming election. You see…despite 13 interest rate hikes, one of the key drivers keeping inflation high is the influx of people arriving in Australia—either as permanent…
Despite their diverse origins, Australians born overseas often bring unique perspectives and experiences to the table, shaping a rich tapestry of cultural insights within the country. Here are 11 interesting facts about Australians born overseas that might surprise you, according to ABS’s latest data: Australia’s population included 8.2 million people who were born overseas as…
