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Despite the fact that Australians are getting wealthier, financial literacy is not increasing at the same rate. shutterstock

Millions of households are missing out on good financial planning

The wealth profile of Australian households has changed phenomenally over the past 25 years, according to a recent paper from the Australian Centre for Financial Studies. Thanks to increases in asset prices…
The proportion of renters is now roughly equal to the numbers of outright home owners. Image from www.shutterstock.com

Home equity: Australia’s growing wealth divide

For all our talk about housing affordability, few people want house prices to drop. That’s because most Australians are home owners, and much of our wealth is stored in housing. But recent figures released…
Most Australians have benefited from the mining boom – except single-parent families who are living in poverty. Image from shutterstock.com

One in four children from single-parent families live in poverty

Most Australians have benefited from Australia’s decade-long period of economic prosperity – except for single parents and…
Household incomes rose, and people remained satisfied with their homes and neighbourhoods, throughout the global financial crisis. Flickr/colinjcampbell

Income up, life satisfaction levels unchanged during GFC

Average household incomes in Australia defied the global financial crisis to increase substantially in the 2008-09 financial…
Raising the income tax rate can disproportionately burden young people and low-income earners. www.seniorliving.org

Counting the costs of higher taxes

Oliver Wendell Holmes, jnr famously said that he liked paying income tax: it was the price of civilisation. Sure, he bought his civilisation at about seven cents in the dollar, but the general point remains…
Most families with at least one child say they are ‘comfortable’ with their finances at just under $80,000, according to latest figures from the Melbourne Institute of Applied Economic and Social Research. Flickr, Meredith Farkas.

Just under $80,000 a year is enough, say most families

Most families say they would feel comfortable living on an annual household income of just under $80,000 according to new…

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