10 pieces of personal finance news you need to know this week

Updated 02/12/2022
10 pieces of personal finance news you need to know this week

An apology wasn't the only thing that happened this week.

Time to read : 2 Minutes

December is here and with just 24 days to Christmas a lot is still going on.

Here are the curated highlights or rather (mostly) lowlights

😷 If you have been getting sick a lot this year (and not just with COVID) – it's more normal than you think.

🙇🏻‍♂️ RBA Chairman Philip Lowe apologised this week for telling us that interest rates weren't going to rise.

💸 Poorer households are spending as much as 12% of their budget on utility costs.

🔑 The rental squeeze is getting worse – with historically low vacancy rates and costs up 18.1% across Australia.

⛏️ Gas giant Santas lost its appeal to drill near the Tiwi Islands.

🚑 Medibank is waiting to find out if they will be liable for a multi-million dollar fine for being hacked.

🧠 Elon Musk says his Neuralink chip is nearly ready – it gets implanted in your brain to help you connect to devices amongst other potential uses.

🗳️ Multi-employer bargaining is on the cards with Labor set to pass its new and controversial industrial relation's reforms.

🏠 A recent AMP report has found that six out of 10 homeowners who bought in the last 12 months are struggling to make ends meet.

⚽ In good news, Australia is still in the World Cup!

The bottom line

All signs point to a busy end of year run – now just to wait for RBA Tuesday and another likely rate rise.

The information contained on this web page is of general nature only and has been prepared without taking into consideration your objectives, needs and financial situation. You should check with a financial professional before making any decisions.