Econosights: The outlook for Australian wages | AMP Capital

Econosights: The outlook for Australian wages Key points Australian wages growth has been constrained because the supply of labour has increased since the beginning of the pandemic with the labour force participation rate now at a record high. High labour underutilisation over recent years has also kept a lid on wages growth. But, a tighter labour market, falling labour underutilisation, a higher inflation environment, a lift in the minimum wage and higher public sector wage …

Is my employer paying me the right super?

Is my employer paying me the right super? Billions of dollars in super contributions go unpaid every year. Here’s how you can find out if you’re getting paid what you’re owed and what you can do if you’re not. A while back, a mate of mine posted on social media that she was owed over $10,000 in super from a former employer, who had since shut up shop (money she may never see when she …

Millennials and money: what does the future hold? | Money & Life

Millennials and money: what does the future hold? With the rising cost of housing, an aging population, climate change and now a pandemic falling squarely on the shoulders of Australia’s millennials, how is this generation faring financially? The first millennials (born between 1981 and 1996) are turning 40 this year. Still, despite more than twenty years in the workforce, it seems their financial wellbeing isn’t guaranteed. A Commonwealth Bank study has found that almost two thirds (61 …

Where to seek advice during the COVID-19 crisis | Money & Life

Where to seek advice during the COVID-19 crisis The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally …

Where to seek advice in uncertain times | Money & Life

Where to seek advice in uncertain times The COVID-19 pandemic is a global crisis and people the world over are experiencing impacts in their lives as a result. To keep your anxieties about money to a minimum, find out where you can turn for help to secure your finances and income. With the ongoing escalation of the COVID-19 crisis many people are struggling. Huge changes are happening and we’re all being affected, socially, emotionally and …

Market Update 28 February 2020 | AMP Capital

Investment markets and key developments over the past week US, European and Japanese share markets plunged around 10% over the last week on the back of a rapid escalation of new coronavirus (Covid-19) cases outside China – notably in Japan, Korea, Italy and Iran – and concern that (whether its labelled a pandemic or not) it will disrupt economic activity more deeply and for longer than had been expected a week or so ago. Chinese shares …

Preparing for the time of your life

  Preparing for the time of your life The choices we make in life have a big influence on our personal happiness and also on the wellbeing of those we love. Sometimes we anticipate choices with a sense of excitement. And sometimes life throws us curve balls in the form of unexpected events and important decisions.   Perhaps you are thinking about a career change or how to achieve a better work/life balance? Maybe you …

Easing the strain for the sandwich generation

  Easing the strain for the sandwich generation By Paul Clitheroe AM The 2015 Intergenerational Report (IGR) confirmed that the majority of us can expect to live longer than people in previous eras, but it’s the so-called ‘sandwich generation’ who may feel the squeeze financially. The sandwich generation are those baby-boomers, usually aged in their fifties and sixties, who are caught between caring for elderly parents and supporting adult children who may be studying or …

All aboard – The popularity of cruising continues to rise

  All aboard – The popularity of cruising continues to rise Pulling into the sparkling waters of Sydney Harbour has to be one of the highlights of any cruise, and it seems Australians agree – according to industry experts it’s predicted that one million Australians1 will hit the high seas next year. The growth in the Australian cruise industry shows no sign of slowing down – rising by an average of 20 per cent each …

Top apps for the over 50s

  Top apps for the over 50s With almost 80% of 55-64 year olds and 46% of 64+ year olds on-line in Australia,i there is no denying that the SilverSurfer generation are embracing the World Wide Web – and not just from a computer – phones and tablets are fast becoming the most popular way to discover all the net has to offer. According to the Australian Bureau of Statistics,ii the four most popular types …