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
Glass Half Full: Penfolds Owner ‘Excited’ Despite Loss
Feb 16, 2026
Glass Half Full: Penfolds Owner ‘Excited’ Despite Loss
Coles Accused of ‘Utterly Misleading’ Grocery Prices
Feb 15, 2026
Coles Accused of ‘Utterly Misleading’ Grocery Prices
Bondi Shooter Breaks Silence at Court Hearing
Feb 15, 2026
Bondi Shooter Breaks Silence at Court Hearing
Mass Arrests in Bid to Stop Clan Violence in Outback Township
Feb 14, 2026
Mass Arrests in Bid to Stop Clan Violence in Outback Township
Add to My List
Save
The Epoch Times
Copyright © 2000 - 2026 The Epoch Times Association Inc. All Rights Reserved.