Business
Young and low-income earners were most likely to spend $750 coronavirus stimulus payments, ANZ economists say – ABC News
ANZ’s economics team analyses the internal card data of their bank’s customers to see how Australians responded to the Federal Government’s two rounds of $750 emergency stimulus payments this year.
Younger Australians and low-income earners were most likely to boost their spending after getting a $750 stimulus payment from the Federal Government this year, ANZ economists say.
Key points:
- The average monthly spending for a 15- to 29-year-old who received at least one $750 cash payment increased by 51 per cent in July
- People older than 60 were least likely to spend their stimulus payments
- Among those who haven’t received a $750 cash payment, people aged 15-29 have …
Continue Reading
-
Business24 hours agoThese top ASX 200 stocks could rise 25% to 60%
-
Noosa News24 hours agoDid AI write your accounting expert’s report? – Proctor
-
Noosa News24 hours agoMin Woo Lee, Adam Scott and Cameron Smith in the mix after Australian PGA opening round in Brisbane
-
General23 hours agoWith a deal on Australia’s environmental laws, Murray Watt has cemented his reputation as a ‘fixer’