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Men's Weekly

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spending dips and saving soars as we stash rather than spend our tax cuts

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Australians saved rather than spent most of the budget tax cuts, almost doubling the proportion of household income saved, leaving spending languishing.

The September quarter national accounts show that in the first three months of the financial year real household spending grew by just 0.1%, the least since the global financial crisis.

Over the...

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

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AIIMS Group and AdVisible merge

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Block's layoffs are a design win. Here's why

We spend millions designing features that save users 30 seconds. Block just saved thousands of employees 40 hours a week. That's not a crisis. That's...