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Aussie households expand their savings war chest

March 4, 2021 - 10:40 -- Admin

Yesterday’s national accounts release from the Australian Bureau of Statistics (ABS) revealed that households continue to accumulate an immense savings war chest on the back of record government stimulus. While the household savings rate fell to 12.0% from a record 22.0% in the June quarter of 2020, it remained at elevated levels, as illustrated in

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