If GDP per person falls again in the June quarter, Australia would enter a ‘per capita’ recession – signalling the average Australian is going backwards.
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More than 12 million US households keep their homes either too cold or too hot, sacrificing comfort because they can’t afford to pay their energy bills.
A 4-year study of households has shown how the increasing focus on our homes as sites of work, rest and play can increase energy use despite soaring prices.
Americans are saving just over $2 of every $100 in disposable income after setting aside historically high amounts of cash during the pandemic.
Understanding why people underpredict expenses could help them budget more accurately – and even encourage them to save more money.
Away from the states bouncing out of lockdown, spending growth was weak. The next figures, to be released after the election, might show the economy turning down.
The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
Households in NSW spend the most and WA households the least in Australia, but there are segments of WA who are feeling the bite more acutely in cost of living.
Treasurer Scott Morrison says Australia will “grow into growth”. Global economic conditions suggest otherwise.
Top contributors
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John Curtin Distinguished Professor, Curtin University
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Scientia Professor of Economics, UNSW
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Research fellow, Curtin University
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Director, Bankwest Curtin Economics Centre (BCEC) and John Curtin Distinguished Professor at Curtin Business School, Curtin University
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Researcher, Curtin University
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Senior Industry Fellow, Curtin University
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Professor, Emerging Technologies Research Lab, Monash University, Monash University
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Associate Professor of Business Administration, University of Virginia
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Associate Professor of Economics, West Virginia University
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Professor of Marketing, University of Chicago
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Vice-Chancellor’s Fellow, University of Tasmania
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Senior Lecturer in Banking and Finance and Vice-Dean Executive Education, University of St Andrews
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Assistant Professor of Marketing & Behavioral Science, University of British Columbia
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Research Fellow Emerging Technologies Research Lab, Monash University
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Senior lecturer, Canberra School of Government, University of Canberra