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CBA: Fiscal Support Still Aiding Savings

AUSTRALIA

A few points of note from CBA's internal data:

  • "Household income continues to be well supported by fiscal stimulus
    – a positive income shock remains in play.
  • The number of people receiving JobSeeker has lifted since the Stage
    3 lockdown was reimposed in Metropolitan Melbourne.
  • Government benefit payments have risen sharply since mid‑July due
    to the second tranche of $A750 stimulus payments.
  • The average total savings balance per household has continued to
    rise."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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