Page 71 - Intergenerational Report News Today

Australia’s habit of managing adversity well and success badly has come back on steroids during the pandemic recovery.

The industry super behemoth wants to more than double its assets to $500 billion in the next five years.

Australian's population growth has stalled due to the coronavirus pandemic, but numbers are rising in some states where COVID has had little impact, says independent property analyst Michael Matusik

COVID-19 has provided a rare opportunity for Australia to rethink its migration system and embrace low-skilled workers amid a shortage.

Australian will need to make some unpopular changes to heed the OECD’s productivity call.

SURVEY SAYS: National Seniors Australia chief executive Professor John McCallum. THE defining song of the 1960s younger generation, The Who’s ‘My Generation’, starts with ‘People try to put us down!’. I wonder what The Who’s lead singer, Sir Roger Daltrey, makes of his younger self today, singing the end line “I hope I die before I get old”. He’s now 77. Sadly, during the pandemic, where young and older have suffered most, this generational friction is being ‘talked up’. E...

Two major reports released in the past week shine a light on Australia’s future. The fifth Intergenerational Report addressed the sustainability of the Australian government budget through to 2060 based on current economic and demographic trends. In the context of COVID-19’s disruptions to the national economy, it received much press attention. It made little comment on young Australians, beyond noting they make up a smaller proportion of the population than ever before. Yet young Australia...

A prolonged Covid pandemic could cause Australian house prices to fall or at least flatline in outer suburbs more affected by lockdowns.  While real estate values fell during the early stages of last years national lockdowns, they have continued to climb since late last year across Australia. With interest rates at a record low of 0.1 per cent and the banks offering 2 per cent mortgage rates, house prices are continuing to hit record highs in capital cities and regional areas alike, as more pe...

MacroBusiness Access Subscriber Only Content at 12:30 pm on July 22, 2021 | 8 comments The ABC’ business editor Ian Verrender has published an explosive report on how Australia’s wealthy use Australia’s superannuation concession system to shelter themselves from paying taxes: Back in 1992, when compulsory superannuation was introduced, it was supposed to take the pressure off federal government finances; to augment the age pension. But superannuation tax breaks introduced over the decades...

The 287-page report by The Tax Institute, titled the Case for Change, examines key areas of the tax system that are ripe for reform, in a bid to kickstart a discussion over the best way to rework Australia’s tax mix that has remained largely unchanged for 60 years. Advertisement "); googletag.cmd.push(function() { googletag.display(div-gpt-ad-1606778434582-0); }); } Advertisement The report highlights that the taxes Australia relies...