01/12/2022
Welcome back to our Weekly Digest. Read on for the latest updates in tax, accounting and the economy.
01/12/2022
Workers should expect to earn less in real wages next year
Lowe also warned us to brace ourselves for fresh economic pain, saying that workers should not expect a pay rise in line with the rate of inflation – which he anticipates will continue to rise.
Australian mortgages among the “worst” in the world
The majority of Australian mortgage holders have variable rate mortgages, meaning they’re at the mercy of rising interest rates. Many are approaching a point of complete mortgage affordability because of it.
30,000 Australians lost money in the FTX collapse
Some people lost their life savings and then some in the spectacular collapse of the FTX cryptocurrency exchange earlier this month. The Guardian provides an in-depth view of some of their stories.
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