Over 1 in 3 Australians intend to save their ‘windfall’ from upcoming Stage 3 tax cuts.
Revised Stage 3 tax cuts will come into effect in Australia from July 2024. This means more Australian taxpayers will receive a tax saving. It also means households will have more disposable income and financial flexibility. The estimated tax saving for Australian households will however vary according to their income. In this special report, we asked a representative sample of around 2,000 Australians over the age of 18 what they intend to do with this extra money.
For further details, please see How Consumers Plan to Use Tax Cuts (April 2024)
The NAB Wellbeing Survey provides a key pulse check on the “vibe” of our nation. Wellbeing is back to equal survey lows due to higher anxiety and lower life satisfaction in some key areas.
Report
Consumer stress is rising again with Australians wary about the outlook for the year ahead. Household pressures are set to ease but until then the mantra for many consumers appears to be, “Show me the money”!
Report
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