keeping one step ahead
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Keeping onestep ahead
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
Making extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony Keane
MORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchwork
nature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.
Assist Finance chief execu-tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
Keeping onestep ahead
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
Making extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony KeaneMORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchwork
nature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.
Assist Finance chief execu-tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
back
Media Monitors Client ServiceCentre 1300 880 082
Copyright Agency Ltd (CAL)licensed copy
Adelaide Advertiser, Adelaide17 Dec 2012
Your Money, page 45 - 218.33 cm²Capital City Daily - circulation 169,889 (MTWTFS-)
ID 174578405 PAGE 1 of 1
Keeping onestep aheadMaking extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony KeaneMORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of the
that doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchworknature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.Assist Finance chief execu-
tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustrates
ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
If you have non-
income-producing
debt, you should
be paying it off as
fast as possible,
whichwill benefit
you later in life
Keeping onestep aheadMaking extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony KeaneMORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchworknature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a huge
kick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-
mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.Assist Finance chief execu-
tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
back
Media Monitors Client ServiceCentre 1300 880 082
Copyright Agency Ltd (CAL)licensed copy
Herald Sun, Melbourne17 Dec 2012, by Anthony Keane
Your Money, page 31 - 231.32 cm²Capital City Daily - circulation 463,543 (MTWTFS-)
ID 174575219 PAGE 1 of 2
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
mining part of the economy,
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
mining part of the economy,
back
Media Monitors Client ServiceCentre 1300 880 082
Copyright Agency Ltd (CAL)licensed copy
Herald Sun, Melbourne17 Dec 2012, by Anthony Keane
Your Money, page 31 - 231.32 cm²Capital City Daily - circulation 463,543 (MTWTFS-)
ID 174575219 PAGE 2 of 2
Keeping onestep aheadMaking extra home loan payments is an increasingly keyfocus for Australian savers, writes Anthony Keane
MORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia'sbiggest bank has found.
A new Commonwealth Bankanalysis paints a more positivepicture of Australians' financesthan many people may feel.
CBA's study of its 1.8 millionhome loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.
It also examined householdsavings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.
A 6.2 per cent rise in con-sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
"There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn't reflect some of thepositive things happening inAustralia," CBA chief econom-ist Michael Blythe says.
"It is tough for many con-sumers and businesses at themoment but the patchworknature of our economy meanssome positive indicators mightbe missed."
Blythe says the trend ofsaving more started in the mid-
AUSTRALIA'SHOUSEHOLDSAVINGS RATES
2000s but was given "a hugekick-along" by the global fi-nancial crisis.
He says most households arestill pessimistic about the out-look, and this has been a keyreason for the Reserve Bank'sinterest rate cuts this year.
"The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing." It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.
Assist Finance chief execu-tive Jason Di Julio says theincreased focus on debt repay-ment and savings illustrates
that people are nervous aboutthe economy and their jobs.
"They are reducing debt atthe expense of luxury spend-ing, Di Julio says.
The trend of maintainingmortgage payments at thesame level even when rates arecut is a smart move, he says.
"It will reduce debt fasterand take real advantage of therate cuts, he says. "If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life."
CBA's Blythe says buildingup a buffer in the mortgage isattractive for most people.
I ncarne saved: 2007-08 4_3%
2oca-o4 O.5% Z008-09 9.6%
2004-105_04M 2009-10 9.9%
200S- 06 03% 2(110-1110.3%. .
Z006-07 43% 2011-12 10,8%Drake Urnrnaintiejlth Rank Ow eau of SlatistIrs.
back
Media Monitors Client ServiceCentre 1300 880 082
Copyright Agency Ltd (CAL)licensed copy
Courier Mail, Brisbane17 Dec 2012, by Anthony Keane
Your Money, page 31 - 264.35 cm²Capital City Daily - circulation 189,733 (MTWTFS-)
ID 174579878 PAGE 1 of 1
Keeping onestep aheadMaking extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony Keane
MORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
A 6.2 per cent rise in con-sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchworknature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a huge
2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.Assist Finance chief execu-
tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous about
that people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
Keeping onestep aheadMaking extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony Keane
MORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchwork
nature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.
Assist Finance chief execu-tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
back
Media Monitors Client ServiceCentre 1300 880 082
Copyright Agency Ltd (CAL)licensed copy
Hobart Mercury, Hobart17 Dec 2012, by Anthony Keane
Your Money, page 19 - 218.89 cm²Capital City Daily - circulation 40,240 (MTWTFS-)
ID 174584790 PAGE 1 of 1
Keeping onestep aheadMaking extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony Keane
MORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchwork
nature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.
Assist Finance chief execu-tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
Keeping onestep aheadMaking extra home loan payments is an increasingly key
focus for Australian savers, writes Anthony Keane
MORE than two-thirds ofhomeowners are ahead oftheir mortgage payments andAussies are saving the biggestslice of their income since the1980s, research by Australia’sbiggest bank has found.A new Commonwealth Bank
analysis paints a more positivepicture of Australians’ financesthan many people may feel.CBA’s study of its 1.8 million
home loan borrowers hasfound 68 per cent are ahead oftheir mortgage repayments, byan average of seven payments.It also examined household
savings rates and found thatAustralians are now saving10.8 per cent of their disposableincome, up from just 0.3 percent in 2005-06.A 6.2 per cent rise in con-
sumer spending in the pastyear, rising salaries and lowunemployment round out itsreview of a solid 2012.
‘‘There is an abundance ofpessimistic news about theeconomy, particularly becausethe picture in Europe is bleak,and this can create a perceptionthat doesn’t reflect some of thepositive things happening inAustralia,’’ CBA chief econom-ist Michael Blythe says.
‘‘It is tough for many con-sumers and businesses at themoment but the patchwork
nature of our economy meanssome positive indicators mightbe missed.’’Blythe says the trend of
saving more started in the mid-2000s but was given ‘‘a hugekick-along’’ by the global fi-nancial crisis.He says most households are
still pessimistic about the out-look, and this has been a keyreason for the Reserve Bank’sinterest rate cuts this year.
‘‘The Reserve Bank is mak-ing it clear that they want to seemore activity in the non-mining part of the economy,and housing is one of the areasthey are looking to get mov-ing.’’ It is estimated every $1 ofspending on new housing gen-erates another $1.31 of spendingelsewhere in the economy.
Assist Finance chief execu-tive Jason Di Iulio says theincreased focus on debt repay-ment and savings illustratesthat people are nervous aboutthe economy and their jobs.
‘‘They are reducing debt atthe expense of luxury spend-ing,’’ Di Iulio says.The trend of maintaining
mortgage payments at thesame level even when rates arecut is a smart move, he says.
‘‘It will reduce debt fasterand take real advantage of therate cuts,’’ he says. ‘‘If youhave non-income-producingdebt, you should be paying it offas fast as possible, which willbenefit you later in life.’’CBA’s Blythe says building
up a buffer in the mortgage isattractive for most people.
AUSTRALIA’S HOUSEHOLD SAVINGS RATES
Source: Commonwealth Bank, Bureau of Statistics
Income saved:
2003-04 0.8%
2004-05 0.8%
2005-06 0.3%
2006-07 4.3%
2007-08 4.3%
2008-09 9.6%
2009-10 9.3%
2010-11 10.8%
2011-12 10.8%
back
Media Monitors Client ServiceCentre 1300 880 082
Copyright Agency Ltd (CAL)licensed copy
Daily Telegraph, Sydney17 Dec 2012
Your Money, page 29 - 219.97 cm²Capital City Daily - circulation 350,059 (MTWTFS-)
ID 174589113 PAGE 1 of 1
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