24/11/2022

Not even Christmas looks cheerful to businesses

New figures from Business NSW showed that the business confidence index (BCI) came in at negative 64.3 – a level of pessimism equal to that seen in the pandemic and the Global Financial Crisis.

The “buy now, pay later” free-for-all is likely coming to an end

Such services, such as Afterpay or Zippay, could soon require the same financial checks as getting a credit card. The crackdown comes as many customers find themselves in hot water, unable to pay back what they borrowed.

Wages show signs of rising, but lag far behind inflation

Australian wages are currently growing at 3.1% – more than half the pace of inflation which sits at 7.3%. While the rise is promising, experts say standards of living will fall if they don’t keep up.

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