Business and Finance Business and Finance
Mon, December 2, 2024
[ 02:30 AM ] - Bill Williamson
Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly
[ 02:01 AM ] - Bill Williamson
Gold loans from banks surge, other personal loans see moderate rise
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[ 12:30 AM ] - Bill Williamson
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Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers
Sun, December 1, 2024
[ 11:31 PM ] - Bill Williamson
Cenbank extends usance term for capital machinery imports
[ 11:30 PM ] - Bill Williamson
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KKR Real Estate Finance: Look For Further Yield Compression On The Preferreds
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Budget 2025: S'poreans can share their views from Dec 2 to Jan 12
[ 10:30 PM ] - Bill Williamson
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[ 10:01 PM ] - Bill Williamson
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[ 10:01 PM ] - Bill Williamson
XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple's RLUSD Close to Approval
[ 10:01 PM ] - Bill Williamson
Budget 2025: Singaporeans can share their views from Dec 2 to Jan 12
[ 10:00 PM ] - Bill Williamson
Profit From The Past: Lessons from history for investing in cyclical stocks
[ 09:30 PM ] - Bill Williamson
Trump names two of his in-laws, one Jewish and one Arab, to key diplomatic roles
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Major Adani investor GQG shares fall 13% after analyst downgrade
[ 08:30 PM ] - Bill Williamson
Australia news LIVE: House values tumble as econo .. uggles; Michael Rowland leaves ABC News Breakfast
[ 08:00 PM ] - Bill Williamson
Anthony Albanese reveals the alarming reason why Aussies are poorer in 2024

Anthony Albanese reveals the alarming reason why Aussies are poorer in 2024


Published on 2024-12-01 20:00:58 - Bill Williamson, WOPRAI
  Print publication without navigation

  • Prime Minister Albanese has cited the timing of inflationary pressures as the reasons Aussies are poorer than their counterparts around the world.

Prime Minister Anthony Albanese has highlighted a concerning trend in Australia's economic landscape, revealing that Australians are poorer in 2024 due to a combination of factors including stagnant wage growth, rising living costs, and global economic pressures. Despite some economic recovery post-COVID, the real wages have not kept pace with inflation, leading to a decrease in purchasing power. Albanese pointed out that while the government has implemented measures like tax cuts and increased welfare payments, these have not fully offset the impact of inflation and the rising cost of essentials like housing, energy, and food. Additionally, global issues such as supply chain disruptions and geopolitical tensions have further strained the economy, contributing to the financial strain felt by many Australians.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/economy/australian-economy/anthony-albanese-reveals-the-alarming-reason-why-aussies-are-poorer-in-2024/news-story/a829a86785412f611d44d661b561bc2e ]
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