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Aussies burn through savings war chest

June 25, 2024 - 14:00 -- Admin

Research undertaken by RBC economists Su-Lin Ong and Robert Thompson, reported in The AFR, has found that Australian households are saving much less than their global peers due to the impact of bracket creep and high mortgage repayments on their disposable income. RBC estimates that households saved just 0.9% of their disposable incomes in the

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