Australian welfare reliance has declined over the past decade, report says

Australian welfare reliance has declined over the past decade, report says | World news | NewsWire
The survey also shows a drop from 7.1% to 6% in the number of people who have more than 90% of their income come from welfare. Photograph: AAP

The reliance on welfare by working age Australians has declined in the past decade, the country’s most comprehensive household survey has revealed, as the government prepares to overhaul the welfare system.

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John Hewson criticises ‘obvious inequity’ of budget measures

John Hewson criticises 'obvious inequity' of budget measures | World news | NewsWire
John Hewson suggested alternative budget ideas he argued would achieve the desired changes in a more equitable way. Photograph: Lukas Coch/AAP

The Abbott government has burned much of its political capital for little gain with budget measures characterised by “obvious inequity”, the former Liberal leader John Hewson has argued.

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How Long Should I Hold On To My Old Bills & Other Documents?

How Long Should I Hold On To My Old Bills & Other Documents?

(Erin Nekervis)

Thank goodness for electronic billing, bill-pay and account access. The digital world can help you save time, be more organized and cut down significantly on paper… Significantly — but not completely.

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I'm just now realizing how stupid we are

A Sotheby's employee speaks on the phone next to large print showing former British Prime Minister Winston Churchill by British artist Banksy during a press preview of an unauthorized retrospective exhibition showing some 70 works of art in London, Friday, June, 6, 2014(Photo: AP)This is my 3,000th column. I've learned a tremendous amount in writing about investing and the economy. Here are a few of the big lessons. Read More >