Topic | Australian economy | The Sydney Morning Herald

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Australian economy

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How can Australians be so wealthy yet still be poor?

How can Australians be so wealthy yet still be poor?

The average Australian’s wealth grew by about 10 per cent last year but the gap between the “haves” and the “have-nots” is growing.

  • by Elizabeth Knight

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Gen X, Millennial Australians better off than their parents – but not all

Gen X, Millennial Australians better off than their parents – but not all

Australians are largely growing up to be better off than their parents, but there are risks younger generations may not gain much ground.

  • by Rachel Clun
Australian real wage growth among worst in OECD

Australian real wage growth among worst in OECD

As the government campaigns on the cost of living, the OECD reports Australia’s wage growth lags the UK, Canada and the United States.

  • by Rachel Clun
Rents, weather events and premiums mean fight against inflation not yet won

Rents, weather events and premiums mean fight against inflation not yet won

Australia’s inflation rate has been falling for over 18 months, but rent and insurance inflation are among the household essentials bucking that trend.

  • by Rachel Clun
$1.1 billion black hole: Unis brace for loss of tens of thousands of students

$1.1 billion black hole: Unis brace for loss of tens of thousands of students

New economic modelling suggests universities are facing a funding shortfall of more than $1 billion under the federal government’s crackdown.

  • by Daniella White
The only certainty for your mortgage rate – Reserve Bank uncertainty

The only certainty for your mortgage rate – Reserve Bank uncertainty

The Reserve Bank is supposed to have a handle on how the economy will perform over the next two years. Its minutes show it doesn’t.

  • by Shane Wright
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Why we’re going into the new financial year carrying last year’s problems
Opinion
Opinion

Why we’re going into the new financial year carrying last year’s problems

It is difficult to see anything much that will stimulate corporate profits in the remainder of this calendar year.

  • by Elizabeth Knight
How four Australians are going to spend their tax cuts

How four Australians are going to spend their tax cuts

People on different tax brackets tell us how they will spend their stage 3 cuts.

  • by Olivia Ireland, Lachlan Abbott and Jessica McSweeney
Value of stage 3 tax cuts will be gone soon after next election
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Tax cuts

Value of stage 3 tax cuts will be gone soon after next election

Australians will start to see their pay packets improve from Monday as the stage 3 cuts begin, but more tax cuts are needed to stop tax rates climbing higher.

  • by Shane Wright
Sugar hit from stage 3, but the country needs a tax reform diet
Analysis
Income tax

Sugar hit from stage 3, but the country needs a tax reform diet

From July, $23 billion will flow to hard-pressed Australians as the stage 3 tax cuts begin. But they’re a long way from solving the nation’s biggest tax issues.

  • by Shane Wright
Third-largest budget surplus soon to turn into a sea of red ink

Third-largest budget surplus soon to turn into a sea of red ink

Lower spending has helped the budget show the third-largest surplus on record. But it is likely the nation’s finances will shift from the black into the red.

  • by Shane Wright