In this podcast, Paige Estritori discusses the increasing struggles for young Australians to save due to high living costs; half of Australia's population is living paycheck to paycheck and 43% of the young demographic has less than $1k in savings. It also covers the potential merge between TelstraSuper and Aware Super, which could strengthen their market position despite presenting challenges like staff uncertainty. Global market reactions to the US economy have varied with modest gains on Wall Street and a strong rebound in Europe. A company in Brisbane, IVAA Claims, has made a significant breakthrough in fraud detection technology within the insurance industry. This innovative tool has already prevented $2 million in fraudulent claims.
