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Frydgenberg commits to remaining royal commission recommendations requiring legislation to be introduced by the end of 2020. Mick Tsikas/AAP

Frydenberg outlines financial sector reform timetable

"The need for change is undeniable," says Treasurer Josh Frydenberg, issuing a timetable for dealing with recommendations from the royal commission into banking, superannuation and financial services.
The avocado latte is indeed a thing, but young Australians are spending less on luxuries than they used to, while older Australians are spending more. Shutterstock

For the first time in a long time, we’re setting up a generation to be worse off than the one before it

A new Grattan Institute study finds that for the first time in a long time, young Australians are no better off than those who came before, and are likely to do worse.
Failure to further strengthen the compulsory super system would be disadvantageous to many future retirees and be an added burden on a later generation of taxpayers. Shutterstock

Grattan on Friday: How ‘guaranteed’ is a rise in the superannuation guarantee?

Liberal senator Andrew Bragg is one of the Coalition backbenchers who oppose the scheduled superannuation guarantee rise to 12%. They are looking to the retirement incomes inquiry to leverage change.
Insurers have to protect themselves against foreseeable risks. For insurers of fossil fuel projects, those risks are growing. Shutterstock

Adani beware: coal is on the road to becoming completely uninsurable

The decision of Suncorp to dump coal, just months after the re-election of the Morrison government, makes it clear that insurers can't afford wishful thinking.
Reserve Bank Deputy Governor Guy Debelle, Governor Philip Lowe, and assistant governors Luci Ellis and Michele Bullock at Friday’s parliamentary hearing in Canberra. Lukas Coch/AAP

RBA update: Governor Lowe points to even lower rates

The Reserve Bank's best case scenario is that its forecasts are wrong.
Barneys, Madison Avenue, New York. Department stores that were once the pinnacle of middle-class aspiration are losing out to discount shops and luxury retailers. www.shutterstock.com

Death of the department store: don’t just blame the internet, it’s to do with a dwindling middle class

Department stores are collapsing. The internet is part of the problem, but so too is the hollowing out of the middle class.