“Christmas spending in decline”: ARA warns of lower discretionary purchases
Research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 billion.
Sluggish retail growth as consumer spending hits historic low
A 0.2% lift in retail sales was recorded by the ABS in August following a stronger 0.5% uptick in July and a 0.8% fall in June.
Aussies still spending on little luxuries despite cost of living squeeze
Australians are still trying to enjoy the small luxuries in life, with 15 million Aussies forking out and digging deep into their pockets for small indulgences.
Retail slump results in 46,000 job losses in three months
Was the retail data released yesterday really bad enough to justify comparisons to the financial crisis?
Small businesses hit the hardest by tumultuous economic conditions
Small and medium-sized businesses have observed a slowdown in profitability, employment and trading conditions.
“Tumultuous economic conditions”: 91% of SMEs feeling the cost pinch
The rising cost of doing business is attributed to wage pressures, the cost of goods and services, and cash flow management, the study highlighted.
No extra cost of living relief but budget repair job is underway: Chalmers
Treasurer Jim Chalmers said a healthier budget would give the government more flexibility to respond to economic challenges in the future.
Why Australian renters are vlogging through the rental crisis on TikTok
Content about the sorry state of renting in Australia is incredibly popular on the social media platform TikTok.
How small businesses and their employees can both win as cost of living pressures rise
The key lies in levelling with your employees, working with and supporting them, so you reduce the risk of a mass exodus when you come out the other side.
Energy relief, JobSeeker and more put Labor’s cost-of-living package at $14 billion
More government plans to support households and businesses through the period of sky-high inflation will be unveiled in the budget on Tuesday night.
Meal kit subscription Dinnerly freezes prices for six months to tackle cost-of-living pressures
Dinnerly says the decision is part of its mission to help Australian families better manage their weekly food costs, tackle cost-of-living pressures and reassure consumer confidence.
Four ways small and medium businesses can weather the cost of living storm
Australia is in the grips of the fastest increase to inflation rates in a generation. Weather conditions, supply chain disruptions, the continuing COVID-19 pandemic and international pressures are raising the cost of groceries, fuel and accommodation, while wages remain stubbornly stagnant.
