With many Australians now out of work, financial stress is no doubt on the rise. Over 40% reported feeling nervous, restless or exhausted in the past month, according to the Australian Bureau of Statistics. Your financial health can have a huge impact on your mental health. Thats why this R U OK? Day, its important…
A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar Institutional investors and global lenders are digging in their heels as the COVID-19 pandemic tightens its grip on Africa. A call from the Group of Twenty (G20) way back in April for private sector forbearance,…
Video PlayerClose BANGKOK, Sept. 8 (Xinhua) — Thailand’s central bank said on Tuesday that in the face of the pandemic fallout, 85 percent of retail debtors are still struggling in a grim economy and have applied for the second-phase of debt relief. “Many businesses in Thailand have been hit hard by the COVID-19 outbreak, especially…
September 7 2020 – 3:30PM House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement. When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to…
In Kenya, the coronavirus pandemic has dried up ecotourism, cutting off sources of funding that help protect wildlife and pay an income to communities working to preserve nature. But forgiving a share of Kenya’s hefty foreign debt, in exchange for the government devoting those resources to fighting climate change threats and biodiversity loss, could tackle…
September 7 2020 – 3:30PM House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement. When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to…
The planned bank liquidity rule change would be another example of banks and government financial regulators working together to support the economy during the crisis, including through deferred repayments on 900,000 frozen loans worth $274 billion. The RBA has bought $61 billion of government bonds since March. Banks are also playing a key role in…
New data from the Reserve Bank of Australia (RBA) has revealed that Australians paid down a total of $5.5bn in credit card debt since the start of COVID-19. In addition to this 20% reduction in debt, nearly half a million credit card accounts were closed over the four month period. One of the few positivesfrom…
CLOSE Even before the pandemic, when the economy was humming, many people were struggling with their finances. Now, many more are in trouble. These are resources to help. (Photo: Getty Images/iStockphoto) The COVID-19pandemic and economy-shutting measures to contain it came on quickly, over a matter of weeks. But the financial fallout from job losses, reduced…
September 7 2020 – 3:30PM House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement. When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to…