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Money

Cost of living hurting needy

Young people (model pictured) are feeling the pressure of increasingly high costs of living in Gladstone.

THE two-speed economy is exacerbating cost-of-living pressures on those most in need, a Salvation Army report reveals.
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Expect modest recovery for pork

The report said the success of the grilling season in the northern hemisphere and prospects for Asian imports would be the key determining market factors moving through 2012.

RABOBANK is forecasting a modest recovery in the pork market in the second half of 2012.
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Rate cut over high bank charges

THE Reserve Bank of Australia has revealed its latest interest rate cut was done partly to compensate for higher lending rates being charged by banks.
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Battle begins over Fair Work

BUSINESS and industry groups have urged Fair Work Australia to show restraint in lifting the minimum wage.
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Aussie dollar drops below parity

THE Australian dollar has dropped below parity with the greenback for the first time in 2012 as investors fret over the outlook for the economy.
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ANZ last to lower rates

ANZ Australia chief executive Philip Chronican said the RBA's decision had impacted domestic funding sources, giving the bank scope to reduce its rates.

ALL of the four big banks now have cut interest rates, with ANZ the final bank to join the party, lowering its rate by 37 basis points on Friday.
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Regional Budget Wrap

Regional Australia Minister Simon Crean pointed to the benefits of broader projects, many of which were leaked before budget day.

CONTINUED funding for health services and infrastructure in regional Australia were the feature of a business-as-usual budget.
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Tax-free threshold tripled

The threshold will be further increased to $19,400 by 2015-16.

THE Federal Government yesterday released its plan to increase the tax- free threshold from $6,000 to $18,200 for the 2012-13 financial year.
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Budget 2012 Live Chat

The live chat will begin at 6pm and will be moderated.

JOIN our live chat at 6pm as details of the 2012-13 Federal Budget are announced and the economic and political battlelines are drawn for the next year.

 

We actually are better off!

Australian household income is outpacing the cost of living over the longer term, with disposable incomes increasing 20% over the past 27 years.

WE MIGHT all be crying poor but new statistics indicate otherwise.
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