An ME Bank survey found household financial comfort reached a near record high in the six months to June, with casual workers, the unemployed and low income earners reporting improvement. Economist Jeff Oughton attributed much of that to government support, although about 21 per cent of households held less than $1,000 in savings. Peter Koulizos said extending JobKeeper and JobSeeker would help homeowners, landlords and tenants still needing assistance.
Reported by
Gerv Tacadena, Your Mortgage, 1 August 2020
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