The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us
Australia News

Consumers Tipped to Stash Tax-Cut Savings for Rainy Day

Consumers Tipped to Stash Tax-Cut Savings for Rainy Day
Australian banknotes in Melbourne, on Nov. 7, 2017. Paul Crocker/AFP via Getty Images
AAP
AAP
5/10/2024|Updated: 5/10/2024
0:00

Rather than spend what they save from upcoming tax cuts, most Australians plan to bank it or pay down debt.

Billed as the primary cost-of-living relief measure of the budget, the government’s stage-three package will be predominantly stashed rather than frittered away, according to a survey by National Australia Bank (NAB).

AAP
AAP
Author
Australian Associated Press is an Australian news agency.
Author’s Selected Articles
Israeli President Cancels Visit to Melbourne Synagogue Over Security Concerns
Feb 12, 2026
Israeli President Cancels Visit to Melbourne Synagogue Over Security Concerns
Victorian Premier Denies Turning Blind Eye to CFMEU Corruption
Feb 11, 2026
Victorian Premier Denies Turning Blind Eye to CFMEU Corruption
Albanese Pushes Israeli President on Australian Aid Worker’s Death
Feb 11, 2026
Albanese Pushes Israeli President on Australian Aid Worker’s Death
Victoria Moves to Allow Up to 20-Storey Developments in High-Activity Suburbs
Feb 11, 2026
Victoria Moves to Allow Up to 20-Storey Developments in High-Activity Suburbs
Add to My List
Save
The Epoch Times
Copyright © 2000 - 2026 The Epoch Times Association Inc. All Rights Reserved.