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financial news

Industries Benefiting Most From Pay Rises

financialThe Australian Bureau of Statistics recently released a quarterly wage data report and according to the report private sector wages rose just 0.4 per cent in the March quarter with the public sector wages raising slightly more at 0.6 per cent.

According to statistics, education and training recorded the greatest quarterly rise of 1 per cent.

As compared with the same period last year, the financial and insurance services, education and training and health care industries had the highest growth, recording a 2.6 per cent increase.


Research Shows Australian Women More Stressed Out about Money

moneyNew research shows that young Australian women in 2016 are more anxious and stressed and most of their woes are due to money problems.

Reports commissioned recently by 2 major banks show that young women aged 18 to 29 were “by far the most anxious” Australians. A key contributor to this anxiety are financial worries.

According to the report commissioned by Westpac, women’s salaries peak at age 31 while men’s peaked at 39, so there is little hope of the future getting better for females in Australia.