Grim proof you’re officially poor
New figures have revealed Australia is bucking a major global trend for all the wrong reasons. And it’s bad news for most workers.
Wealth
Surprise crypto trend takes off in Australia
Despite concerns about scams and criminal behaviour, Australia is seeing the fastest expansion of crypto ATMs in the world.
Aussies short-changed $5bn a year
Slow moving reforms to the way Aussie workers are paid superannuation is costing the workforce billions of dollars every year.
‘Don’t do it!’: Renos that make your home harder to sell
There are certain types of home renovations should be avoided at all costs if you hope to sell your home at a later date.
Former billionaire CEO loses ‘all his money’
The ex-CEO of an exercise equipment company has revealed he’s lost all of his money and has been forced to sell “almost everything”.
Why younger savers are ignoring banks
Facing mounting student debts and the cost-of-living grind, younger people are getting savvier on who holds onto their money.
‘Desperately behind’: Worst state for housing
One state is falling “desperately behind” in building affordable houses, new data reveals.
’Kick in the teeth’ for struggling Aussies
As the big four Australian banks continue making billion-dollar profits, more and more families are falling behind on their house payments.
Huge change for millions of workers coming
Massive changes to workplace laws kick in August 26 which will allow millions of employees to ignore calls from the boss out of hours.
Wild thing $100 million lotto winner did
A mum has won the entire $100 million Powerball jackpot in Thursday night’s draw, and she made a staggering admission about the ticket.
Why $100,000 a year isn’t enough anymore
Making $100,000 a year used to be a kind of salary holy grail for a lot of Aussies, but the country’s cost-of-living crisis has changed that completely.
Rare $2 coin worth $6k found in spare change
An Australian man discovered a rare $2 coin worth up to $6000 in his change from a servo — and there are more in circulation.
Aussie rich-lister makes $2.1bn in a day
One of Australia’s richest people became $2.1bn better off on Wednesday as his tech firm led the Australian share market.
Dire warning for ‘stagnant’ Aussie jobs
The Australian economy is growing at its slowest rate since a sharp recession in the early 1990s and it’s particularly bad news for white-collar workers.
Secret to winning $100 million Powerball
Past lotto winners have revealed what they spent their cash on and offered advice to future winners ahead of this week’s monster $100m Powerball jackpot.
Neighbours at war over $5 million lottery win
Three Sydney neighbours have been locked in a two-year feud after one claimed he was cut out of a $5 million lottery win.
One group keeping cash alive in Australia
A new report has made surprising findings about the use of cash and the number of businesses accepting cash in Australia.
Monster $100m Lotto jackpot up for grabs
Lotto have announced the sixth biggest Powerball prize in Australian history could be won next week as the jackpot soars to $100 million.
‘Life changing’: Aussie’s wild $100k discovery
An Australian man has made the discovery of a lifetime with his metal detector, a find that is “life changing” for the father of two.
Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Healthcare stocks dragged down by CSL
The ASX made a third-straight day of gains after a week of global volatility, with financial and consumer stocks pushing a marginal gain.
Aussie wages rise for June quarter
Australian wages have ticked up nearly 1 per cent in the past three months.
‘Rubbish’: Lambie’s cost-of-living spray
Independent Senator Jacqui Lambie has hit out at the government as cost-of-living pressures soar, claiming Aussies can’t purchase essentials for under $10.
Surprise ascent of China’s richest person
China’s richest person had a surprising ascent to the top and once lost a staggering 87 per cent of his net worth nearly overnight.
‘Troubled’: Ex-PM’s big gambling call
A former Australian Prime Minister has called for a ban on gambling advertisements, saying many Aussies are “alarmed” by one thing.
Banker ‘destroyed’ by 120 fraud charges
A former bank employee’s life has been “destroyed” by allegations she defrauded multiple banks out of tens of thousands of dollars, a court has been told.
PM’s ‘cost of living joke’ backfires massively
Prime Minister Anthony Albanese has faced backlash following a cost of living ‘joke’, with some calling for his media team to be sacked.
ASX fights back after more US pain
The ASX has clawed back some ground after sweeping meltdowns on global sharemarkets led to big losses at the start of the week.
Major bank shuts down troubled lender
One of Australia’s banking giants has shut down a home loan lender, ending a 33-year-run for the troubled business.
Eye-watering jackpot up for grabs
As a mega lotto jackpot hits a massive $547 million, the lucky numbers that could unlock a fortune have been revealed.
Original URL: https://www.news.com.au/finance/money/wealth/page/11