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Supermarkets are not milking dairy farmers dry: the myth that obscures the real problem

Calls to boycott supermarket-branded milk only put greater pressure on the dairy farmers who supply it. AAP Image/Mal Fairclough Australia’s federal agriculture minister, David Littleproud, has called for a boycott of supermarket-branded milk. He is angry about lack of support for a “milk levy” of 10 cents a litre wanted by the dairy industry to support drought-stricken farmers. Fellow National Party colleagues have called...

Scrimp and Save – 5 Ways to Get by When You’re Flat-Broke

There’s no worse feeling than having a few measly pennies to your name and worrying about not being able to afford your basic needs. While being broke is a stressful experience, it’s possible to get through it with a bit of patience and know-how. Here are five things to do when the sight of your bank account makes you...

Starting an Online Business in Australia – What Should I know?

Starting a new business is not an easy endeavour, but if you decided you want to go down that road, we’re here for you. To make sure you understand what it needs to be done to open and grow an online business in Australia, below we listed the most common laws, regulations, and updates that will have a powerful...

The new and more efficient payments system means new and more efficient payments fraud. Here’s how to prepare

It’s about to become easier to steal money. We’ll have become more vigilant. Shutterstock Most credit card fraud takes place online or over the phone. It’s not the cards that are stolen, but the details. The Australian Payments Network finds they are used to amass 85% of the money stolen using Australian credit cards, without the need to steal the cards...

Why and how retailers turn everyday items into ‘must-have’ collectables

Our collections are a part of us and our life story, and the act of collecting holds a certain comfort. Shutterstock Coles’ recent “Little Shop collectables” promotion has proved a hit with consumers, with entire sets of the toy products selling online for exorbitant prices. This success is interesting given recent conversations and media coverage around plastic bag bans and reducing packaging in retailing. But...

Stock market trends around the world: what to look out for

Getting involved in the global stock market is a smart move for many traders. There are plenty of stocks available on domestic indices like the Australian Securities Exchange, however, global trading offers the chance to choose a much wider range of instruments to trade. Trends in the global stock market are making it easier than ever to be involved....

Self-employment and casual work aren’t increasing but so many jobs are insecure – what’s going on?

Underemployment and stagnant wages may be strong signs of worker insecurity in the face of relentless cost-cutting. Paul Braven/AAP That casualisation and self-employment rates are not increasing is often trotted out to dispute perceptions that workplace insecurity is growing. But retorts like this miss a few key points. First, the real causes of growing insecurity aren’t the type of contracts people are on. While these things...

HILDA Survey reveals striking gender and age divide in financial literacy. Test yourself with this quiz

The latest HILDA data found women exhibiting much lower levels of financial literacy than men. Shutterstock The Household, Income and Labour Dynamics in Australia (HILDA) Survey tells the stories of the same group of Australians over the course of their lives. Starting in 2001, the survey now tracks more than 17,500 people in 9,500 households. One of the most striking findings from this year’s...

What should be done with the NBN in the long run?

The NBN is on the path to being privatised after construction finishes. AAP The National Broadband Network (NBN) should be built and fully operational by 2022, having cost about A$50 billion. The question will then be whether the government should retain the NBN or sell it off. The current government has laid the groundwork for NBN to be broken up and sold off. But this...

No presents, please: how gift cards initiate children into the world of ‘credit’

Most Australian children have such a glut of toys that parents are opting to give them gift cards so they can choose for themselves. rawpixel/Unsplash Western children have more toys, games and possessions than ever before. And Australia has one of the highest rates of average spending per child on toys. Faced with a glut of children’s toys at home, more...