Australian Finance Podcast, Podcasts

Cost of living up, savings down & investing on a budget (Owen’s market update)

Catch up with the world of finance in Owen's February 2024 market update, covering major market moves, NDQ & household savings data.

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How have global stock markets performed over the past 12 months?

In this episode, Chief Investment Officer Owen Rask updates listeners on the economy, inflation, interest rates, big news headlines and household savings data.

Savings by age (Westpac data)

We have discovered that on average, a Westpac group customer holds $22,020 in their transaction, savings and term deposit accounts as of the 31st December 2020. This figure is skewed by some large deposit holders.

Why does this matter? Many people are telling me they are still saving money… just. But interest rates (impacts rent and mortgages) + cost of living is severe. This is reflected in the national data.

📚 Enjoyed this episode? You’ll love Kate’s book, Buying Happiness, which you can order on Amazon: https://bit.ly/kate-amazon

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Pearler, the broker for long-term investors.

Sign-up to Pearler using the code “RASK” for $15 of Pearler Credit and learn more about Pearler Rewards here.

Betashares ETFs

Discover the broadest range of Exchange-Traded Funds (ETFs) in Australia on betashares.com.au.

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General Financial Advice warning

The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) and Target Market Determination before making a decision to acquire any financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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