In this video, Andrew Dadswell, Senior Manager Consumer Communications, provides an update on ASIC’s Moneysmart program. Through Moneysmart, ASIC provides trusted tools, information, and guidance to help Australian’s take control of their money and make informed financial decisions. Start here. Original Author: Produced by Moneysmart and published on 03/08/2023
Econosights: Global labour markets are worse than they appear Key points Global labour markets have proved resilient during the COVID-19 shock. One of the reasons for this is the utilisation of wage subsidy schemes. These schemes mask stood down or underutilised workers, keeping the unemployment rate artificially lower than it would be otherwise. The labour force participation rate has also plummeted in developed countries which has helped to keep the unemployment rate down. These discouraged …
Econosights: The impact of economic shocks on inflation Key points COVID-19 has caused a big change in consumer spending patterns. In developed countries, demand for goods has generally gone up but services demand has collapsed. Changes in demand along with some supply constraints have caused an increase in goods prices while prices for services have been weaker. Consumer inflation data uses consumer spending baskets from prior years to construct quarterly price changes. However, these …
ECONOMICS & MARKETS After the Bell: daily market update, July 15 15 Jul, 2020 Big day on the ASX today and new consumer confidence data has also been released. Still not much good news on the COVID-19 front in Victoria and NSW though. Our senior economist, Diana Mousina, talks through the day that was. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 …
How are Australia’s states and territories tracking? An end to the fall in mining investment is helping to stabilise growth in Australia’s mining states and territories (WA, Qld and NT to a lesser extent) while a slowing housing sector is starting to act as a drag on NSW and Vic. Tas is benefitting from a lift in population growth and housing “refugee” demand from Sydney and Melbourne. Growth in SA and the ACT has been …
How to be an ethical consumer and save money Want to use your spending power to make a difference? By shopping more ethically, you can do your bit and save money. Whether you want to change the world or just reduce your impact on it, it seems more and more of us are considering the provenance of what we buy and how it’s produced when making purchasing decisions. And the best news is that spending …
Australian’s love affair with debt – how big is the risk? Key points Household debt levels in Australia are high compared to other countries and still rising. The rise is not as bad as it looks because its been matched by rising wealth and debt servicing problems are low. However, this could change as interest rates rise and if home prices fall sharply. The trigger for major problems remains hard to see but its worth …
