Since marriage equality was achieved in 2017, LGBTI people have had access to the same legal and financial rights as heterosexual married couples. Yet members of the LGBTI community still face some unique challenges when it comes to their financial wellbeing. So what do same sex couples need to know when it comes to planning their financial lives together?
Wealth Planning Partners director Amanda Cassar said budgeting helps you get into the mindset that managing your money can help you down the track rather than just helping you meet your immediate needs and wants.
After surging 65% from its coronavirus low in March 2020 to its high in February this year, the Chinese share market saw an 18% decline into July. This reflected concerns about policy tightening, the economic outlook and a regulatory crackdown on a range of industries, notably tech stocks and steel production, with the latter contributing to a plunge in the iron ore price.
The current environment seems to be one of extreme uncertainty. We have seen a strong economic recovery from last year’s global and Australian recessions – but there are worries about the resurgence of coronavirus driven by the Delta variant, peak growth, peak monetary and fiscal stimulus, high inflation, and high debt levels.
More than three quarters of Australians believe there should be an unconditional basic income to keep people above the poverty line. A survey conducted by social welfare peak body Anglicare Australia found two in five people of the 1000 polled said it would put them in a more secure financial position.
