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Aussie savings swell as tax cuts banked

December 23, 2024 - 11:30 -- Admin

The Australian Bureau of Statistics’ (ABS) Q3 national accounts revealed that real consumer spending had stalled despite households receiving Stage 3 personal income tax cuts. The result suggested that households had saved rather than spent the tax cuts, as evidenced by the increase in the savings rate. Higher frequency data on household spending showed that

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