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The Latest Breaking News from Ben Phillips

Income inequality surges as richest group gets more than 90 per cent of the gains, Australia Institute finds

A new report suggests Australia is becoming more inequitable, with 93 per cent of pre-tax gains in the economy going to the top 10 per cent of earners.

ABC News

Leaving London: why one family swapped West Hampstead for Hampshire while saving to buy a place of their own

Initially, this couple’s move beyond the commuter belt was a bit of a culture shock

Evening Standard

Middle-income families hit hard by inflation, interest rates could sink the economy

As interest rates rise and other cost-of-living pressures increase, middle-income households that had been living comfortably are pulling back on spending, which has big implications for the economy.

ABC News

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'Anxiety and dread': Canberrans receiving rental assistance worst off in country

Nearly 54 per cent of ACT residents receiving Commonwealth rental assistance spent more than 30 per cent of their income on rent, Productivity Commission data showed.

The Canberra Times

Inflation's cost-of-living pinch hits mortgage borrowers, low-income and older households

As inflation continues to rise, the surging cost of living is hitting some types of households much harder than others.

ABC News

Labor's first budget back in government will make income inequality worse, and the stage 3 tax cuts are mainly to blame

Well-off households will get a $5,740 income boost from the Albanese government's biggest budget measures. The poorest will get just $17.

ABC News

Are you financially vulnerable? This calculator will reveal your level of risk

Income-based measures of poverty can be too simplistic, so a more-sophisticated measure of financial stress is needed.

ABC News

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Murray Watt says the government is providing the largest cost-of-living increase to welfare recipients in 30 years. Is that correct?

Cabinet minister Murray Watt says the government is providing the largest cost-of-living increase to welfare recipients in 30 years. RMIT ABC Fact Check investigates.

ABC News

Battlers fare worst in rental home crunch

Tenants face big price hikes for new homes but the overall market is rising at a gentler pace with "pockets of crisis" at the lower end, an academic says.

AAP

Snow comes to Canberra as south receives a sprinkling

Thredbo and Perisher have reported several centimetres of snow falling overnight.

The Canberra Times

'Don't want to avoid this issue': AMA head says sugar tax hitting low SES groups is expected

A Canberra focused study has found implementing a sugar tax would hit low socio-economic suburbs while the Rethink Sugary Drink partnership campaigns for a levy.

The Canberra Times

'So expensive': Canberrans feel pinch of rising cost of living

Rising prices are affecting every corner of life in the city.

The Canberra Times

Support needed to help millions of Australian renters with rising cost of living, experts say

As the cost of living continues to rise, experts say more needs to be done to ease the financial pressures faced by millions of Australians who are renting their homes.

ABC News

Inside Travelodge hotels on Merseyside that have been given a 'luxury' new look

Travelodge is adding “thoughtful, stylish design and homely touches” to 60 of its hotels

Liverpool Echo

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The Guardian - AU

Budget favours higher earners as homelessness services slashed by nearly $40m

ANU modelling shows 56% of dollar value of cost-of-living measures goes to Australia’s middle and higher income earners

ABC News

Josh Frydenberg let the figures fly during the budget speech. Here's what you need to know to sort the fact from the spin

Budget speeches are prone to flourishes and embellishment, with treasurers attempting to present their government's record in the best light. With figures flying thick and fast, RMIT ABC Fact Check sorts fact from spin.

ABC News

Tax rise for low- and middle-income workers possible as LMITO's fate hangs on federal budget

With cost-of-living concerns dogging the government ahead of next week's federal budget and the upcoming election, experts are again questioning whether its tax cuts are directed at those who need them most.

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