Tag: cost of living

Household spending flat in July

The monthly CommBank Household Spending Insights (HSI) Index was flat in July, unchanged at 148.2. Modest spending increases were seen across seven of the 12 spending categories, with the most notable uplifts in household goods (up 1.3%),...

Attracting customers as spending drops

Amid the cost-of-living crisis, Australian businesses need to stand out from the crowd in order to attract customers. Pratik Doshi, founder and CEO of Convincely, a tech industry disruptor which utilises captivating gaming...

Queensland government proposes state-owned fuel stations

The Queensland government has announced plans to lower fuel prices, which includes establishing 12 publicly owned fuel stations. Queensland Premier Steven Miles says tackling cost-of-living pressures is his number one priority, with the...

Luxury spending declines as belts tighten

Australians are going without everything from prosecco to private health insurance as cost of living pressures persist, according to new research by comparison site Finder. A Finder survey of 1,012 respondents revealed more...

Millions of Aussies living in ‘hygiene poverty’

New research reveals that over four million Australians are currently living in ‘hygiene poverty’. According to the research conducted by Good360 Australia, more than one in seven (15%) respondents recently skipped buying essential...

Household spending rises in May

The monthly CommBank Household Spending Insights (HSI) Index increased 1.1% in May to 150.21. This follows a 1% drop in April, continuing the month-to-month spending volatility seen throughout 2024. While household spending rose in May,...

Business failure wave flowing into personal insolvencies

Personal insolvencies are spiking as the cost-of-living crisis continues to bite and business failures trigger a ripple effect – and there’s more to come, says insolvency and business turnaround specialist Jirsch Sutherland. The...

Spending gap widens between age groups

Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation, according to the latest...
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