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Early super release used legitimately by households to pay bills

MacroBusiness Access Subscriber Only Content at 1:20 pm on April 21, 2021 | 4 comments The Morrison Government’s early release of superannuation policy allowed people in financial hardship to withdraw up to $20,000 of their superannuation savings last calendar year. Sceptics of this scheme claimed the majority of these withdrawals were wasted on things like gambling, alcohol and takeaway food rather than essential household spending. Today, the Australian Bureau of Statistics (ABS) has released its Household financial resources survey for the September quarter of 2020, which reveals that the majority of early super withdrawals were used for legitimate purposes: There are 787 words left in this subscriber-only article.

Australian bureau of statisticsMorrison governmentAustralian bureauஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்மோரிசன் அரசுஆஸ்திரேலிய பணியகம்

Jobs for men have barely grown since the COVID recession What matters now is what we do about it

Jobs for men have barely grown since the COVID recession What matters now is what we do about it
anu.edu.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from anu.edu.au Daily Mail and Mail on Sunday newspapers.

Josh frydenbergAustralian bureau of statisticsTreasurer josh frydenbergReserve bankAustralian bureauஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்இருப்பு வங்கிஆஸ்திரேலிய பணியகம்

Why super is a better retirement bet than houses

Australians should consider putting their money in their superannuation instead of property as fund balances are now growing faster than house prices. Analysis by Chant West showed median growth-orientated retirement balances surged by 12.2 per cent since July 1 - something unthinkable only a year ago. The double-digit growth in just nine months, to the end of March 2021, was even stronger than the 7.7 per cent surge in Sydney s median house price during the past year. Australia s share market was this week close to reaching a record high, with the benchmark S&P/ASX200 just 1.5 per cent below the all-time peak of 7,197 set in February 2020 shortly before the Covid shutdowns.

New south walesBellevue hillMano mohankumarPaul keatingJane humeWestpac mastertrustSuperannuation fundIncitec pivot employees superannuation fundSuncorp masterSuper money eligible rollover fundAvsuper fundEmergency services superannuation fundPremiumchoice retirement serviceInsurance fundCommonwealth bank group superAustralian ethical retail superannuation fund

Australian Retail Spending Lifts on Buoyant Consumer Confidence

Australian Retail Spending Lifts on Buoyant Consumer Confidence
theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.

Stephen halmarickAnz roy morganBill evansCommonwealth bankAustralian bureau of statisticsNational skills commissionAustralian bureauWestern australiaRoy morganHousehold spending intentionsEconomist stephenஅன்வருள் ராய் மோர்கன்ர சி து எவன்ஸ்காமன்வெல்த் வங்கிஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்தேசிய திறன்கள் தரகு

Early access to superannuation used to pay household bills: Australia

Early access to superannuation used to pay household bills: Australia
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

Australian bureau of statisticsAustralian bureauHousehold financial resourcesHousehold economic resource surveysDean adamsCoronavirus supplementஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்ஆஸ்திரேலிய பணியகம்வீட்டு நிதி வளங்கள்டீன் ஆடம்ஸ்