by Troy MacMillan | Jul 31, 2020 | Budget, Economy
How often do you go to the bank or ATM for cash? As far back as three years ago, the Reserve Bank of Australia noted that Australians use debit and credit cards to pay for goods more often than cash. At the time, the RBA said that 52% of payments made during the...
by Troy MacMillan | Jul 24, 2020 | Budget, Economy, Generation
Australia’s budget deficit swelled to almost $86 billion last financial year, highlighting the significant impact of Covid-19 on the public purse. 2019-2020 saw the worst budget deficit since the Second World War, but there’s much worse coming. The federal government...
by Troy MacMillan | Jul 17, 2020 | Budget, Category, Economy, Investment
As if you need another reminder that coronavirus has changed everything: international travel has been completely upended by the health crisis. With nations still in partial lockdown, I wouldn’t recommend that you plan your next overseas excursion anytime soon. With...
by Troy MacMillan | Jul 10, 2020 | Economy
Australians are used to seeing their country ranked near the top of the list when it comes to most desirable places to live. But there’s one low ranking we should all be proud of amid the COVID-19 pandemic. According to the latest available data, Australia is ranked...
by Troy MacMillan | Jul 3, 2020 | Economy, Investment
What did I tell you about panic selling at the bottom? Wall Street and global stocks just rounded out their best quarterly gain in years, as markets clawed back most of their pandemic-induced losses. In Australia, the ASX 200 Index rose more than 16% between April and...
