According to the Reserve Bank of Australia (RBA), Australian households are currently savings 5.5% of their income.
RBA
The answer to building certainty is not more cash reserves
Falling cash rates at historic lows means retirees face increased risk and an uncertain future, especially if they outlive their savings.
Five ways to prepare for rising interest rates
With interest rates at half-century lows, we have become accustomed to living in a world where we can borrow money at an interest rate of less than 5% per annum. For the last two and a half decades, central banks around the world have used interest rates as a tool to control inflation. Inflation is […]
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