Last updated: 30 January 2017 From low income earners to farmers and small business owners, thousands of Aussies stand to benefit from wide-reaching banking changes introduced by the Australian Bankers Association (ABA). The new changes add to last year’s reforms under the Better Banking program, which pushed for a system to shame unethical financial advisors…
Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…
The federal government will be forced to lift its own self-imposed credit limit in the coming months as debt hurtles towards half-a-trillion dollars – almost double the number the Coalition inherited from Labor. Gross commonwealth government debt has reached more than $474 billion after a sharp jump in recent weeks, leaving it just $26b short…
Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…
Scott Morrison to lift credit limit as Australia’s debt hurtles towards $500 billion Treasurer Scott Morrison, pictured in London this week, says the government is making progress in reining in Australia’s debt. Photo: Chris Ratcliffe Shadow treasurer Chris Bowen says Australia’s AAA credit rating is under threat. Photo: Josh Robenstone exit The federal government will…
If you’ve got debts you can’t handle, it can be scary to acknowledge them. But new figures from the Money Advice Service reveal getting free advice really can help. Close to two thirds (65%) of people who received regulated debt advice were repaying the money they owed or had repaid in full within three to…
Greece faces what is likely to be an explosive surge in its public debt levels that within decades will mean it will owe almost three times the countrys annual economic output unless given significant debt relief, the International Monetary Fund has warned in a confidential report. The new report was prepared by IMF staff ahead…
Eastbourne MP Caroline Ansell is supporting a new scheme called Breathing Spaces to help families in debt regain control of their finances. The rise in personal borrowing has led to mounting concern that households who get into debt need safer ways to manage financial difficulties. To help combat the issue, Mrs Ansell has joined calls…
In my 20s, I paid off my student debt and it felt amazing. For the first time ever, I had discretionary income: Money left over after necessities. Aside from buying a bunch of crap I didn’t need, I had no idea what to do with that money. If this sounds familiar, whether you’ve just paid…
The Jackson Sun 9:47 a.m. CT Jan. 26, 2017 Purcell(Photo: Cagle Cartoon Syndicate) To avoid conflicts of interest on his investments, President Trump plans to gift hotel profits from foreign governments’ payments to the U.S. Treasury gifts that will go directly toward paying down U.S. debt. You see, the Treasury’s Bureau of the Fiscal Service…