Why 'Doomspending' Is on the Rise: A Self-Fulfilling Prophecy
Doomspending, the trend of frivolous spending without regard for future consequences, is rising among young westerners due to economic anxiety and disillusionment with traditional saving.
Category : Inflation
Australia Faces Severe Fuel Shortages from Hormuz Closure
An energy expert warns Australia will feel the full impact of the Strait of Hormuz closure by July, with fuel shortages set to worsen significantly as global emergency stockpiles are exhausted.
Data Centre Boom Sparks Warning of 26% Electricity Price Hike
A new Climate Council report warns that Australia's rapid data centre expansion could drive up electricity prices by 26% unless tech giants invest in renewable energy.
Flu Overtakes COVID as Australia's Deadliest Respiratory Virus
In 2025, influenza caused 1,455 deaths in Australia, surpassing COVID-19 as the deadliest respiratory virus. Experts explain the shift and urge vaccination.
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South-East Australia Braces for Cold, Rain as System Hits
Temperatures are set to plummet across Australia's south-east as a weather system brings cool conditions and widespread rainfall, with mild highs forecast from Wednesday.
UK Govt Faces Backlash Over Zero-Hours Contract Plans
Ministers propose guaranteed hours of 8-20 per week in zero-hours ban, drawing criticism from unions as insufficient and from employers as over-regulation.
4 in 5 Aussies Skip Car Maintenance Amid Cost Crisis
New research reveals up to 80% of Australians are delaying essential car maintenance due to cost-of-living pressures, with younger drivers hit hardest.
Minimum Wage Hike May Trigger Two More Rate Hikes
A 4.75% minimum wage rise from July 1 could add to inflation, leading to two more RBA rate hikes, hitting mortgage holders hard.
Australians Consider Leaving Country Amid Economic Crisis
Australia's ambitious class is looking to leave due to high taxes, inflation, and immigration pressures, with many considering New Zealand as a viable alternative.
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Australians Save Big on Energy with BLUETTI EOFY Sale
BLUETTI's 2026 EOFY Sale offers up to 44% off portable power stations and solar generators, helping Australians cut energy costs and gain independence from the grid.
Minimum Award Workers to Get 4.75% Pay Rise from July 1
The Fair Work Commission has approved a 4.75% pay rise for minimum award workers, affecting 2.8 million Australians. The minimum wage will rise to $26.44 per hour from July 1, sparking debate over business impacts.
Low-paid workers get 4.75% pay rise from July
Around 2.8 million low-paid Australians will receive a 4.75% wage increase from July 1, with the lowest-paid 100,000 getting nearly 6%. However, real wages still lag behind inflation.
3 million Aussie workers get 4.75% pay rise
Nearly three million Australian workers will receive a 4.75% pay boost after the Fair Work Commission's annual minimum and award wage review, effective July 1.
Billionaire Wealth Surges $50k/Minute; Reynolds Repays
Australia's billionaires gained $25.67bn in a year, Reynolds repaid $8,800 in expenses, and a new cancer drug shows promise. Plus: Barnaby Joyce headlines anti-abortion rally.
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