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1.Market Observations, 8.Was Sticky

20 Sept 2019 (AFR) – Families in financial funk despite reasons to be cheerful

(20 September 2019, AFR, p4, Duncan Hughes, Reporter)

Family finances index (Morgan Stanley, AFR)

Family finances index (Morgan Stanley, AFR)

‘Australian families are in a financial funk, despite tax and rate cuts and improving sentiment about the residential property market, according to analysis by global investment bank Morgan Stanley. Paying down credit card and mortgage debt is their biggest priority, rather than splashing additional cash on consumer goods, boosting retail and driving economic growth, its analysis shows.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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