Millions of Australians will get a one-off $1,500 tax cut this year, while others will receive a one-off $250 payment, as part of measures announced in last night’s Federal Budget. The cost of living was a key focus of the Budget, with Treasurer Josh Frydenberg announcing measures targeted at low- and middle-income earners, pensioners, motorists and more. Here’s what it could mean for you.

Inflation has increased sharply in many parts of the world. Ongoing supply-side problems, Russia's invasion of Ukraine and strong demand as economies recover from the pandemic are all contributing to the upward pressure on prices. In response, bond yields have risen and expectations of future policy interest rates have increased. In response, the RBA Board decided to maintain the cash rate target at 10 basis points. Read more.

For most investors, most of the time, overall interest rates matter more than the so-called yield curve, which is the difference between yields for similar bonds with different maturities. On rare occasions, however, the yield curve does something that causes real concern: it inverts, and it could stay this way through 2022. Find out what this means and why it may be less worrisome than in the past.

Homeownership in Australia is embedded in wealth accumulation, security of tenure and security in retirement. In other words, homeownership in Australia makes life a lot easier in the long run than renting. While surveys indicate most Australians want to own their own home, the latest available data shows only 66% of households do. But with home loan guarantees expanded, can this change? Explore the pros and cons here.

Investing is often seen as complicated. This was made worse by the increasing complexity of investment products; rules and regulations; and the expanding ways to access and transact in various investments. But at its core, the basic principles of successful investing are simple & timeless. In this article, Dr Shane Oliver, AMP Chief Economist, shares five charts for understanding investing.

Today, the 10 richest people in the world control $1.3 trillion in wealth. This scale of wealth is equal to approximately 1.4% of the world economy, Amazon’s entire market cap, or spending $1 million a day for 3,000 years. It’s double the amount seen just two years ago ($663 billion). The question is: who's on top of the list? Here's a snapshot of the world’s richest in 2022, based on data from the Forbes Real-Time Billionaires List.