In this episode, Paige Estritori of Financial Services Online discusses key financial stories shaping Australias economy. Topics include staggeringly slow wage growth resulting in decreased homeownership rates for young Australians, concerning practices in the superannuation industry where fees are charged even after a member's death, an ongoing recession with a decrease in household consumption despite tax cuts and interest rate reductions, and the Insurance Council of Australia's proposed $30 billion flood defence fund. The Council is pushing for stronger risk reduction strategies ahead of the impending federal election. Listen for insights on these matters as well as advice on navigating insurance, finance, superannuation, and money management for Australians. Visit us at financialservicesonline.com.au for more updates.
