FAST FIVE: Aussie Government "Cash-Back"-Scheme Fails To Inspire Confidence

Published by on

This gradually increases to $1080 for those earning $48,000.

Anyone earning between $90,000 and $126,000 will get lower amounts.

Consumer confidence dropped 1.7% to 98.2 in September, with a reading below 100 signaling pessimists outnumber optimists, Westpac Banking Corp.'s survey showed.

The poll of 1,200 adults conducted during the first week of the month contained a special question on recent household tax rebates, and found over half planned to save part or all of the cash.

“Concerns about the state of the economy, the international backdrop and employment are seeing consumers become more cautious.” The result comes a day after a survey of Australian firms found sentiment poor there as well despite back-to-back interest-rate cuts and the government tax rebates.

Categories: ZH