Plans to axe the rebate for low-income workers will affect the financial security of half of all working women and disproportionally hurt rural workers, according to a recent warning from industry superannuation funds.
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Data from the Australian Bureau of Statistics (ABS) shows that the average Australian household wealth has reached a new record high.
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With Australians fixated on savings, term deposits no longer as attractive as they once were and new post GFC rules on the banks, Aussies are bearing witness to an evolution in the way they save.
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