In this episode, host Paige Estritori discusses new financial updates in Australia, from alarmingly high rates of negative cash flow among borrowers to potential relief measures in the future. A recent Reserve Bank of Australia report shows that one in every twenty borrowers are in a negative cash flow situation, with one in fifty close to default, disproportionately impacting low-income individuals. Despite these challenges, the second half of 2024 may bring relief with anticipated Stage 3 tax cuts and interest rate cuts. Additionally, the ANZ Plus Save account now requires customers to increase their balance by $100 each month to avoid interest rate drops, benefiting disciplined savers. The Australian Taxation Office has confirmed the tax deductibility of fees for tax-related financial advice. Lastly, an early interest rate cut may be on the horizon due to an economic slowdown.n