Generational pay gap: The old become wealthier, while Gen Y goes backwards
The wealth of young Australians is lower than it was eight years ago, a new report from the Grattan Institute has revealed.
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Medibank Private shares hit the ASX
Medibank Private was floated on the ASX yesterday, rallying before experiencing a slight drop in value to close at $2.14.
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Winning the ‘big one’ at the Melbourne Cup highly unlikely, says TAL
Are you betting on the wrong horse when it comes to your financial future? Life insurance provider TAL has warned many Aussies are trusting in luck rather than good management to secure their financial futures.
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Aussie women aged 35-49 “behave like retirees” in terms of risk appetite
The latest research by Colonial First State Global Asset Management showed Gen X women are lagging behind Gen Y women when it comes to their preference for investing in equities.
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40% of Aussies forced into retirement early due to redundancy or illness
A study by retirement consulting firm Mercer has revealed 40% of Australians are forced into retirement due to redundancy or illness before they are financially ready, with many facing the risk of outliving their savings.
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How much is being single costing you?
With the single season fast approaching from November to January, otherwise known as the wining and dining season, Suncorp Bank has released the Cost of Being Single Report, which showed maintaining a ‘single’ lifestyle can often be a major money drain.
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Are you living pay to pay? NAB survey shows you’re not alone
A new survey by the National Australia Bank (NAB) highlighted that while most people consider themselves as good money managers, one in five adults rarely or never have any money left at the end of a pay cycle.
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Ways to kick start your superannuation this MoneySmart Week #SortYourSuper
With the cost of fees attached to several super accounts eroding final retirement savings by tens of thousands of dollars and only 5% of Aussies confident they will have more than enough savings for retirement according to the latest MLC Wealth Sentiment Survey, MoneySmart Week is the perfect time to ramp up your super savings.
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Have term deposits lost their appeal?
When then global financial crisis (GFC) made fiscal uncertainty the norm in 2008, term deposits became more than just a way to balance an investment portfolio.
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Inactive savings account government cash grab
Australian households could lose up to $109 million from their family savings as the Federal government grabs cash from inactive bank accounts.
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