The retirement funding gap is expected to grow to the equivalent of $400,000 per person by 2050, adjusted for wage inflation, which is larger than the size of the global economy. Australia is one of the six countries with the biggest pensions.
The World Bank's chief economist has been stripped of his management duties after researchers rebelled against his efforts to make them communicate more clearly, including curbs on the written use of the word "and".
Australia is set to stumble the moment it crosses the finish line.
I love Sydney and many other places around the country, but in my book you can only have one true home.
Avocado on toast could be in hot demand well into the next decade as young Aussies spend their cash on travel and restaurants instead of having babies.
Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years.
Random audits of employers would be a more proactive approach in chasing down billions of dollars of unpaid superannuation, often to the nation's most vulnerable workers, says Inspector-General of Taxation Ali Noroozi.
Treasury Secretary John Fraser has cleared the agency of being biased in its economic forecasts, arguing it has a similar track record in predicting the economy's future to other government or private sector experts.
Australia risks a future looking like "France and not Singapore", the boss of explosives group Orica has warned
The Trump administration sees the US economy achieving the rosiest of scenarios over the next decade.
The integrity of the Australian Taxation Office has taken a hit, acting ATO boss Andrew Mills says.
Scott Morrison's budget projections rely entirely on orthodox economic thinking about what drives wages. Unfortunately that orthodox thinking is demonstrably wrong.
Home prices across Australia's capital cities have again edged lower, in a sign the property boom has likely passed its peak.
![Malcolm Turnbull: "If we don't sell [coal] to [India], someone else will.''](/web/20170526020547im_/http://www.theage.com.au/content/dam/images/g/w/3/b/p/l/image.related.landscape.120x80.gw99he.png/1495416047919.jpg)
For students of the politics of economics – my special subject – this clothes-pinching budget has been a feast. Oh no, it's "Labor-lite". Shocking! Actually, it's a budget that ticks all the boxes for Malcolm Turnbull and, by extension, his parliamentary followers – something their silent acquiescence suggests they realise.
First they came for the tax lawyers and accountants. Are quantity surveyors going to be the next political tax target?
The Reserve Bank will need to cut interest rates several times this year as this week's labour data understates the slack in the economy, the bank predicts.
We're putting in fewer hours than we were six months ago according to latest labour force figures.
We're crushing the confidence out of our own people with bureaucracy, weak political leadership steeped in spin and irrelevant gobbledegook.
The unemployment rate fell unexpectedly to its lowest level in four months in April.
Standard and Poor's confirms AAA rating but leaves the nation on negative watch.
Total hourly rates of pay, excluding bonuses, rose by 0.5 per cent in the March quarter, the latest ABS figures show, matching market expectations.
New figures are expected to show real wage growth has fallen into negative territory.
RBA minutes show board members are concerned they may have to cut rates if more Australians aren't able to get the jobs they want.
Consumer confidence has tumbled following the federal budget to its lowest level in nearly two years.
Repairing the damage of the Abbott Total Opposition years, will take time. But the budget is a big and quite calculated start.
The ATO has released new transfer pricing guidance as it chases hundreds of millions of dollars in tax bills from companies using dubious tax schemes.
Home loans to investors have fallen to the lowest level in 10 months.
Sydney has won a global bid to host the 'Davos of women' after it was backed by leading business and political leaders.
Mother's Day is a time to reflect on the unpaid contribution of mothers and grandmothers to families and communities.
Labor would require ATO to reveal details of companies the Tax Office cuts deals with as part of plan to recoup $5.4 billion from multinationals.
Australia's small business sector is taking steps to protect against the increasing risk of cyber crime.
Whatever happened to staff choosing the best employers based on the work, career path, employer support and pay?
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