Economy

Paying off interest-accruing debt is high on Australians’ list of financial priorities for 2021, with many planning to pay off their mortgage faster, according to a survey.

CBA economists said they foresee strong economic recovery in 2021 after a weak 2020, and the increased use of fiscal policy in conjunction with monetary policy to manage the economy.

A new report has expressed policy concern that premature withdrawal of government stimulus measures amid COVID-19 could send many into housing affordability stress.

Australia can expect to recover most of the GDP in 2021 that it lost in 2020, but the official cash rate is set to remain at current levels, according to a report.

Australia’s mutual banks, building societies and credit unions recorded another year of growth in a challenging year with bushfires, floods and the COVID-19 pandemic, along with continued ...

The pandemic has forced more working Australians to rely on personal credit to cover expenses and debt, new research from AMP has shown.

The level of financial stress and “severe anxiety” rose sharply for workers in Melbourne during Victoria’s second COVID-19 lockdown, new research showed.

ASIC’s review of school banking programs has found that these schemes do not improve children’s savings habits.

The fintech lender has secured a second warehouse facility for renewable energy and personal lending.

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