Household saving rate slows to 14% in first quarter

Household saving rate slows to 14% in first quarter

New figures from the Central Statistics Office show that households saved 14% of their income in the first three months of this year.

The startling amount most Australians have in savings

New research has revealed millions of Australians would feel financially stressed by an unexpected expense.Comparison website Finder's Consumer Sentiment Tracker found 43 per cent of respondents, equivalent to 9.2 million people, have less than $1000 in savings.For those with less than $1000 on hand, the average bank balance is $215.READ MORE: Monica racked up $130k in debt. Now she's warning about the study 'trap'This is a slight improvement …

Household financial assets increased in Q1 despite weaker equity markets

Household saving rate declines for second consecutive quarter to 5.7% The post Household financial assets increased in Q1 despite weaker equity markets appeared first on Investment Executive.