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Spending

Today

The City of Sydney Christmas tree in Martin Place.

Cost of living crunch adds urgency to Christmas charity appeals

Charities are reporting a dip in the number of donations amid a heightened need for support.

  • 24 mins ago
  • Gus McCubbing

November

CommBank iQ’s Wade Tubman.

One age group is feeling the economic pain more than the rest

Australians spend almost the same amount on things considered essential and discretionary. But the 25-29 age group is the only one cutting back on both.

  • Lucy Dean
Anthony Albanese says the government is fighting inflation in three fronts

Albanese tells voters: budget surplus trumps relief

Voters should not expect any more cost-of-living relief other than limited targeted measures.

  • Phillip Coorey and Michael Read

How these three Boomers escaped RBA pain

Why retiree savings and the spending habits of young adults are making it hard to curb inflation.

  • Duncan Hughes

Too lavish for your own good? Seven steps to beat lifestyle creep

In the weeks following a pay rise, there’s a short (but science-backed) opportunity to really get your finances on track, say the experts.

  • Lucy Dean
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October

‘Christmas is like final exams, you have to nail it.’: Chris Tourgelis of gift retailer Opus Design.

Retailers urge RBA to hold rates fire as tough Christmas looms

Strong growth in spending on clothes and gardening equipment underlines the case for further interest rate rises, but retailers are urging the central bank to hold fire.

  • Michael Read
Josh Foreman, founder and CEO of Indebted.

Digital debt collector counts benefits of a cost-of-living crisis

Perennial-backed InDebted has made its first acquisition since 2021 as a rise in people defaulting on payments sees it approach profitability for the first time.

  • Tess Bennett

September

A good budget ... if you live in western Sydney or make up one of the state’s 450,000 public sectors workers

The winners and losers in the NSW budget

Coal miners, EV drivers and property investors will pay the price for Treasurer Daniel Mookhey’s first stab at budget repair. Public sector workers, first home buyers and regular toll road users will do better.

  • Samantha Hutchinson
NSW Treasurer Daniel Mookhey.

Mookhey plots NSW’s return to surplus in two years

The state’s treasurer is promising voters “immediate assistance ... with long-term reform” in the Minns government’s first budget.

  • Updated
  • Samantha Hutchinson

August

Qantas boss Alan Joyce.

Labor’s anticompetitive hypocrisy over Qantas

The corporate brand and personal reputation of the CEO have taken a battering in the Alan Joyce era. Yet shareholders appear to have few complaints.

  • The AFR View

NSW deficit to blow out to $2b: Treasury

NSW Treasurer Daniel Mookhey is under pressure to rein in spending after new Treasury modelling revealed a gloomy outlook.

  • Samantha Hutchinson
Childcare has just got a lot more affordable for over 40,000 families.

A family earning $460k with two kids in care can now claim $10,000 in subsidies

Families earning over $350,000 can now claim childcare subsidies. But they need to remember to sign up, warns Entitlemate’s Brendan Ryan.

  • Julie Hare

July

Michael Germanos, executive pastry chef at Melbourne-based Bibelot, says the rising price of cocoa will force consumers to pay more for their favourite chocolate.

Why the price of your favourite chocolate might jump soon

Soaring cocoa prices and continuing elevated sugar costs may soon result in higher prices for chocoholics.

  • Gus McCubbing

‘Not an economy on its knees’: Why more rate pain is on the way

When expensive Taylor Swift tickets sell out in a day, consumers clearly still have money to spend on “non-essentials”. And that’s not the RBA’s game plan.

  • Karen Maley
Melbourne florist Jane Marx says that while her business, Beautiful Bunch, is resilient a drop in discretionary spending means she won’t be able to expand as planned.

How rate rises have killed romance

Florists are hoping corporate sales will save them as rising interest rates make buying flowers a luxury reserved for funerals for consumers.

  • Gus McCubbing
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Treasurer Jim Chalmers is facing calls to spend the budget surplus.

Booming tax take now exceeds 24pc of GDP

Economist Chris Richardson estimated the tax-to-GDP ratio for the financial year was hovering about 24.2 per cent, which is the first time it exceeded 24 per cent since 2007-08.

  • Andrew Tillett

June

Can we get the Commonwealth Seniors Health Card on a defined pension?

Thousands of public servants with defined benefit pensions could potentially be eligible for this popular concession card.

  • John Wasiliev

The gloss comes off for Albanese’s government

The realities of a second year in office are sinking in as challenges pile up. The Voice, fallouts with the Greens, and industrial relations battles are all souring the mood.

  • Phillip Coorey
Baby Boomers are living up large on the back of higher interest rates.

Boomers splurge on holidays and cruises amid interest rate windfall

While Millennials tighten their belts, older generations are enjoying higher incomes as interest rates rise.

  • Michael Read

May

Households are cutting back as cost-of-living pressures mount, but the outlook for interest rates remains murky.

Households cut back as rate rise speculation mounts

Households are cutting back on non-essentials as cost-of-living pressures mount, but some economists say the data won’t stop the RBA from lifting rates again.

  • Updated
  • Michael Read