Cooling inflation. Soaring tech stocks. 2024 has been a significant year for news, so before it ends, it's time to look back on the major stories in the world of finance. This week on the Friends With Money podcast, Money's Tom Watson is joined ...
... among Aussie retirees. About 700 Aussies retire each day, according to retirement income provider Challenger, but high inflation means the gap between retirement savings and the cost of a comfortable retirement is growing. FORO is one of three themes ...
... Aussies - including Youth Allowance, Austudy, ABSTUDY and the Youth Disability Support Pension - are indexed in line with inflation. This means that from January 1, 2025, more than one million income support recipients across the country will see their ...
... hopes for a reprieve amid the festive season. The RBA's stance comes despite seemingly encouraging signs on the inflation front. Headline inflation rose by just 2.1% in the 12 months to October - a three-year low and comfortably within the central ...
... vital to consider the full picture before committing. Will mortgage rates go down in 2024? Economic factors such as inflation, employment, and Reserve Bank of Australia (RBA) decisions will influence rates in 2024. While rates may fall soon, predicting ...
... down to interest rate differences. As Moussa explains, "Over the last few years, much of the developed world had an inflation problem. As inflation goes up, central banks combat that by hiking interest rates. If one country raises its interest rates ...
... and are often influenced by economic conditions and policy decisions. Changes to tax brackets can occur in response to inflation, government budgets or economic activity. For instance, governments may lower tax rates or widen tax brackets to stimulate ...
... forecast was moved to 2025, with 44% of economists expecting the RBA to cut rates in February. Now, due to persistent inflation and the unpredictable global economic landscape, many economists have revised their forecasts and now expect a rate cut in ...
... is straightforward. After two consecutive quarters of negative GDP growth, the country is in a technical recession. Inflation has eased to within the central bank's target, but weak economic activity demands decisive action. Governor Adrian Orr framed ...
... literacy concepts. These include: an understanding of interest rates, especially compound interest; an understanding of inflation; and an understanding of diversification. This lack of knowledge and skills can lead to debt, stress, and poor financial ...
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