Monday, August 12, 2019

Households saving not spending as financial comfort gauge shows stress

Sluggish wages growth and worries about a weakening jobs market are dragging down financial comfort levels in households, according to a report from ME Bank out today. 

Despite 28 years of unbroken economic growth, Australians are nervous about their personal wealth with the housing correction taking a toll on confidence. 

ME Bank economist Jeff Oughton speaks with ABC's Peter Ryan.

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