Insights and Research

The unemployment ‘hangover’ of coronavirus will last until 2024

The unemployment ‘hangover’ of coronavirus will last until 2024

Some forecasts of the unemployment rate have reached as high as 15.1 per cent – but getting this figure down to pre-coronavirus level won’t be in reach for another four years, a Deloitte economist has said. According to Deloitte Access Economics partner Chris Richardson, Australia will have to “champion a new round of much-needed economic…
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Aged care and the informal care space

Aged care and the informal care space

Increasingly, older people (aged 65 and over) in Australia are choosing to remain living in their own homes for as long as possible. This is being facilitated by access to a combination of formal (paid) care, such as the Commonwealth Home Support Programme and the Home Care Package, as well as informal (unpaid) care. According to data from the Australian…
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Revealed Aussies spend early access super on gambling beauty products

Revealed: Aussies spend early access super on gambling, beauty products

Women who are accessing their super early are more likely to spend it on essential purchases for the family, whereas men are more likely to spend it on nice-to-haves, with gambling skyrocketing, new data has revealed. According to data by illion and AlphaBeta, women are spending more than men on food, clothing, and household bills,…
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Household consumption and the Diderot Effect

Household consumption and the Diderot Effect

Today, we have consumer goods and services, both essential and desirable, that our ancestors could only have dreamt of in their lifetime. And yet, some of us are still driven to, or prompted to, purchase even more. This phenomenon can be due, in part, to the consumerism-focused society we live in where we are constantly bombarded…
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Income Protection Supplementary provisions

Income Protection: Supplementary provisions

When it comes to funding your lifestyle expenses and accumulating wealth, one of the biggest resources that you have is your capacity to earn an income. If you were suddenly unable to work for a period of time due to a sickness or injury, Income Protection may be able to protect your earning capacity. When an Income…
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How to split energy bills with housemates when someone’s working from home

How to split energy bills with housemates when someone’s working from home

If you’re living in a sharehouse, chances are someone – or more than one person – has started to spend a lot more time at home since the Covid-19 pandemic hit. Where household bills used to be a simple matter of splitting it equally between everyone, the reality is someone might be taking up more…
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Residential investment properties Income generation considerations

Residential investment properties: Income-generation considerations

When it comes to purchasing a residential investment property, it’s often a very different approach than the one taken with a main residence. For example, whilst there may be some emotional and personal value attached to a residential investment property, largely, they are an asset purchased to help achieve an investment objective, and their acquisition is…
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Living with falling prices and falling wages

Living with falling prices and falling wages

One nasty economic side effect of the COVID-19 driven lockdowns is a fall in prices for many goods ad services and a drop in wages and other income. A collapse in demand as the economy plunges into the deepest downturn since the 1930s Great Depression means that prices in many areas have to be cut…
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The benefits of workplace health wellness programs

The benefits of workplace health & wellness programs

An individual’s health and wellness, especially in relation to ill health or often preventable chronic diseases, can have an impact on not only themselves and their family, but also the funders of the health system (e.g. Government and private health insurers) and the wider community (e.g. businesses). With approximately one-third of an adult’s life spent at work, a…
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