Age Pension

Pension, drought blamed for woes

The Age Pension is less than what is needed to support even a modest standard of living in retirement, says ASFA chief.

Finance News

Food prices set to soar

Aussie shoppers have been warned to brace for higher prices, with the country’s food bowl – the Murray-Darling Basin – expecting a dry year ahead.


Why the cost of living is rising

We have record low wages growth and record low official interest rates, yet the cost of living is not getting any easier. Economist Matt Grudnoff explains why.

Age Pension

Pensioners the losers in CPI stakes

If you’re an age pensioner and thought it was tougher to make ends meet this year, you’re not wrong. But if you’re a self-funded retiree …


Where inflation hit hardest

Senior economist Matt Grudnoff tells how cost-of-living increases will affect retirees.


Cost rises hit Affluents hardest

Transport and recreation post biggest cost-of-living increases with the Affluent tribes most affected.


The real cost of living longer

Australians are living longer, putting pressure on retirement incomes, the Age Pension and government spending on welfare, aged care and support for older people. But the real cost of living longer is health care.


Power price reductions are here

Your next utilities bill may cost you slightly less, after Australian energy providers put lower rates in place as of 1 July, but the Grattan Institute says high prices are here to stay.

How much is enough?

The costs that cut deepest

Senior economist with The Australia Institute Matt Grudnoff looks at the bigger picture in cost-of-living increases for our tribes. Price rises in the things we buy are common to all households but will affect different groups in different ways.

Retirement Income

Pensioners slugged most by costs

The latest Living Cost Indexes underscores the fact that many Age Pensioners are struggling to make ends meet, with higher-than-inflation prices crimping their spending power.


Australia’s least expensive address

One of the big surprises to emerge from the 2014 Household, Income and Labour Dynamics in Australia survey was that cost-of-living levels for retirees were determined by where they lived.


Power bill shock rocks Australia

Hospitals and health care facilities are the latest victims of power bill shock caused by Australia’s rising electricity costs.

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