Econosights – financial literacy gender gap

More than one third of adults in Australia are financially illiterate, with opportunities for improvement. There is also a gender gap in financial literacy in Australia. Women tend to have lower financial literacy than men. In Australia, the gender gap is larger compared to our global peers.

Welcome to the Summer edition of Haven – Financial Partners (TAS)

Do you have any idea what a home loan really ends up costing over the life of a mortgage? Thanks to the interest paid over an average 30-year loan term, the figures are eye-watering. Our lead article closely inspects the figures and delves into the simple yet incredibly effective strategies that can carve thousands of dollars off the life of a loan. If you’re in the market to sell a property, we look at the …

September cash rate remains unchanged at 4.10% – Financial Partners (TAS)

For the third consecutive month, The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.10%. The decision to maintain the cash rate at 4.10% comes after the monthly Consumer Price Index (CPI) fell to 4.9% in July, down from a peak of 8.4% in…

Fact sheets: Financial planning strategies

Protecting your wealth What is insurance? Insurance is a form of protection – a way to protect yourself, your family and the things you own if something goes wrong. It enables you to replace or repair your assets, whether those assets are your belongings or your capacity to earn income…. Maintaining your income What is transition to retirement? Transition to retirement is a strategy that can help you reduce your working hours while maintaining the …

Econosights – financial literacy gender gap

More than one third of adults in Australia are financially illiterate, with opportunities for improvement. There is also a gender gap in financial literacy in Australia. Women tend to have lower financial literacy than men. In Australia, the gender gap is larger compared to our global peers.

Simplifying Investing Podcast

Episode #79: Addressing Australians’ financial literacy and the gender literacy gap. While Australia remains one of the richest nations in the world, a new Econosights report from AMP’s Deputy Chief Economist, Diana Mousina highlights the need to improve financial literacy standards. This episode can be found on your favourite streaming platform, including Soundcloud, Spotify and Apple podcasts. Read more here: https://www.amp.com.au/insights-hub/blog/investing/econosights-financial-literacy-gender-gap Important information: This podcast is general in nature and hasn’t taken your circumstances into …

Oliver’s insights – rebounding investment returns

The past financial year saw a solid rebound in investment returns, after the negative returns of the 2021-22 financial year. This note reviews the past 12 months in investment markets and looks at the outlook.

Blue collar, white collar – how the job you do can affect your financial stress

Blue collar, white collar – how the job you do can affect your financial stress It’s fair to say that COVID took a toll on the working habits of Australians. Deep into lockdown and we were all getting slightly frayed around the edges. We knew we were all in this together. But we couldn’t help looking around and comparing our situation with those of friends and family in other walks of life. In the white-collar …

Your end of financial year super checklist

Your end of financial year super checklist With the end of financial year fast approaching, now is a good time to consider how you can use superannuation to maximise your tax benefits. While certain contributions may be able to reduce your taxable income or see you pay less on investment earnings, there are a range of considerations. These include how much money you have in your super, whether you’re still in the accumulation phase and …

Weekly market update 12-05-2023

Over the week, US and Aus sharemakets were flat; Aus Fed Budget will not add to inflation; US CPI moving in the right direction; and more.