Why people spending less is a good news story
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Description
Plenty of big companies have released their company's results in the past 7 days, giving a useful insight into the behaviour of consumers. From the big supermarkets, to takeaway chains and airlines - what are we up to when it comes to spending? And how does that impact inflation and future rate rises? Plus, want to know what's going on with your wage and earnings? We've got that data too. And we explain why your wage not keeping up with the surging cost of living right now, is a positive. We take a look at why superannuation is on the radar, and some STARTLING figures about the more than a million households facing increasing mortgage repayments. Stephen Koukoulas, Market Economics Managing Director and Diana Mousina, AMP Australia Senior Economist join Gillian to explain. See omnystudio.com/listener for privacy information.