Business
Wage growth for young Australians is ‘flat’, will be worsened by COVID crisis – NEWS.com.au
Young Aussie incomes are shrinking, as older Australians continue to earn
Young Australians incomes are shrinking, with low employment rates forcing those under 35 to eat through their savings as the incomes of older Australians continue to grow. A new report from the Productivity Commission has shown a higher retirement age and lower starting wages had led to a “lost decade” of wage growth, which experts predict will only worsen as the nation moves through the COVID-19 pandemic.
The report found parents, in an attempt to soften the blow, were transferring more money…
-
General22 hours agoOf saints and sinners | The Spectator Australia
-
General23 hours agoSmall plane crashes into San Diego neighbourhood, setting homes and vehicles on fire
-
Noosa News13 hours agoTully Sugar Mill celebrates 100 years of cane harvesting amid floods and cyclones
-
General23 hours agoWhy the nation needs the Nationals to ditch Net Zero