The economic damage from COVID-19 has been compared to that of the 2008 global financial crisis (GFC). While there are key differences between the two, the first being a credit crisis and the other being a health crisis, the nature of the economic damage ...
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... clear. And, in theory at least, the sharemarket should be looking even further into the future than that. This is a real wild card and perhaps the biggest element in changing short-term sentiment as investors try to look beyond today's situation ...
Financial abuse can be a standalone form of abuse, but it's also prevalent in about 90% of domestic violence situations. The truth is that not only is financial abuse common, it can be hard to spot because it occurs in many different forms. Self-isolation ...
The profitability of Australia's big banks has declined markedly over the last decade and the coronavirus pandemic has highlighted just how perilous their financial state is. With less money being made, dividends have dropped or been deferred, so ...
... government cut deeming rates. The deeming rates used for age pension recipients, disability support, and senior healthcare card holders and JobSeeker payments have been reduced as part of the COVID response. This reduction - the second in five years ...
... you're spoiled for choice in the current market. Credit cards and personal loans If you've hit pause on your credit card or personal loan repayments, the same reporting conditions will apply. Banks have stopped minimum credit card repayments ...
... mention, after the insurer stepped up to offer eligible new and existing comprehensive car insurance customers a $50 gift card. QBE says that figure represents about 25% of the average private-use motor insurance policy from April to June. What if your ...
With Virgin Australia now in voluntary administration, many of you have been left to wonder if those Velocity frequent flyer points you worked hard to accumulate will be grounded too. This fear has seen Velocity members race to get vacuum cleaners ...
High credit card debt, Workers' Compensation obligations, unpaid tax, and failure to pay interest free loans are some of the reasons people find themselves applying for bankruptcy. In the last month, with COVID-19 restrictions in place, construction ...
... based on 1200 adults across Australia in the week of April 6-11. Separately, the Commonwealth Bank's credit and debit card spending analysis shows that while Australians are spending less overall during restrictions and shutdowns, they are spending ...
