Household financial stress rises in June quarter: Australia

first_imgHousehold financial stress rises in June quarter: Australia Australian households experienced increased financial stress in the June 2020 quarter compared to the combined three previous quarters, according to a report released today by the Australian Bureau of Statistics (ABS).The results, collected before and during the introduction of government economic responses to COVID-19, are the first in a series of quarterly releases from the ABS’ Survey of Income and Housing.ABS Head of Household Surveys, David Zago, said more households had experienced at least one indicator of financial stress in the June 2020 quarter (38 per cent) compared to the previous three quarters (34 per cent).“We can start to see the early effects of COVID-19 on the financial wellbeing of different types of households during the June 2020 quarter. Future updates will tell us more about the full effect on household finances of responses like JobKeeper and the Coronavirus Supplement,” Mr Zago said.Financial stress increased for households with employee earnings as their main source of income, with the proportion experiencing at least one indicator of financial stress rising to 37 per cent in the June 2020 quarter, up from 31 per cent in the previous three quarters.“We found more employee households (14 per cent) sought financial help from friends or family in the June quarter than during the previous nine months (11 per cent), or sought assistance from welfare or community organisations (4 per cent, up from 2 per cent),” Mr Zago said.“More employee households drew down on savings in the June 2020 quarter (11 per cent, up from 8 per cent) and increased credit card debt by $1,000 or more (6 per cent, up from 4 per cent) to meet basic living expenses.”Average weekly income from government payments increased by $36 per week in the June 2020 quarter, compared to previous quarters, to an average of $243 per household. This increase is likely understated, as many households were interviewed prior to support payments such as the Coronavirus Supplement for JobSeeker recipients. /ABS Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ABS, abs data, Australia, Australian, community, coronavirus, covid-19, credit card, Effect, Family, Government, housing, JobKeeper, JobSeeker, statistics, stress, survey, wellbeinglast_img read more

Ex-Cushman employee accuses firm of pay discrimination

first_img Full Name* Pang analyzed the salaries of the seven other employees on his eight-member team over a five-year period. Pang provided a copy of those salary comparisons as part of the lawsuit. Including a manager and director, the team had three people of Chinese descent — two men and one woman — one of Dominican descent — a woman; along with three white women and one white man, according to the data sheet Pang included.He claims the salary increases of his white colleagues ranged from 19 to 36 percent, while the people of color received salary increases ranging from 11 to 16 percent.In late April 2019, Pang received a three-page “Memo of Expectation” from his supervisor, also included in the lawsuit. The supervisor called him a “valued member of the accounting team” but detailed a number of alleged mistakes, missed deadlines and behavior issues. The memo also said that Pang used his position to access a co-worker’s salary for the purpose of the comparison, which was inappropriate. The supervisor warned Pang that if his performance did not improve and other issues weren’t addressed, he would be terminated.When Pang protested, saying that the mistakes were falsified, he was suspended, the suit alleges. Claiming he was desperate to find ways to prove his innocence and refute the claims, Pang forwarded work emails to his personal account, he said. Cushman then fired him, according to Pang, alleging he violated company policy, a rule he didn’t know existed.Pang included in his lawsuit an updated version of the “Memo of Expectation” that is dated mid-May, saying the director of employee relations revised it to correct inaccuracies in its allegations.Pang also brought the discrimination claim to the Equal Employment Opportunity Commission’s New York office. The office dismissed the case. In its letter to him, the agency concluded it failed to find “violations of the federal laws enforced by this agency,” but added that did not mean Cushman had complied with the law.Contact Sasha Jones Message* The discrimination suit filed against Cushman alleges the firm underpaid an employee of color — along with others on his team — compared to white colleagues. (iStock)A former Cushman & Wakefield senior accountant is claiming he and other employees of color on his team were paid less than white colleagues with comparable experience.In a federal suit filed last week, Ivan To Man Pang, who is Chinese, said when he complained to his supervisor in Manhattan about the discrepancy, Cushman retaliated. The company gave him a poor performance review, falsely claimed he made several mistakes and missed deadlines, and then fired him for forwarding an email to his personal account, according to his suit filed in the Southern District of New York.He is seeking his job back and $100,000 in damages.At least five other discrimination suits have been filed against Cushman since 2018 in federal court, involving allegations of gender, race, age and disability bias, a review of cases show. The Real Deal previously reported on two of those suits.The ones that were not reported on include Andrea Pesacov’s suit in October 2018. The former senior director of retail services for Cushman’s Philadelphia and New England region alleged she was sexually harassed by co-workers and by her boss. Her suit was filed in Pennsylvania. Pesacov took time off because of a medical emergency, and when she returned, she was fired, the suit alleged. Her case was eventually settled.In a 2018 suit filed in Tampa, Florida, Luis Valdivieso said Cushman discriminated against him because he is Hispanic. Valdivieso, a maintenance engineer, said he was subjected to disparaging comments, denied promotions, provided with less favorable working conditions and eventually terminated. And in a suit filed in Missouri in 2019, Carol Gaal said she was let go because of her age, and was denied reasonable accommodation for an eye disability.A Cushman spokesperson would not discuss any of the lawsuits, saying the company does not comment on ongoing litigation. Pang, who filed his claim himself, did not respond to requests for comment. Lawyers for Valdivieso and Gaal did not respond to requests for comment.In Pang’s case, he alleges his $75,000 starting salary in 2014 was below the comparable range of $90,000 to $110,000 that his white colleagues were paid.He received excellent reviews from supervisors, Pang alleges, but that changed in 2018 when he complained about his pay. He was given a poor performance review for the year, followed by a larger workload, according to the suit.Read moreLawsuits against Cushman & Wakefield target appraisers’ payCushman & Wakefield hit with another discrimination lawsuitFormer Cushman executive assails “old boys network” in $30M discrimination lawsuitcenter_img Email Address* This content is for subscribers only.Subscribe Nowlast_img read more

Guyana refuses entry of milk from Bahrain

first_img Sharing is caring! Share (Photo: CMC)GEORGETOWN, Guyana (CMC) — Guyana Monday refused entry of a container of milk from Bahrain saying the product was found to be adulterated with vegetable oil among other concerns.The Government Analyst-Food and Drug Department (GA-FDD) said the 20-foot container contained 7, 200 cases of Awal Junior Milk with strawberry, banana and chocolate flavours.A GA-FDD statement noted that samples of the milk were submitted to the department for examination on December 22, last year “and it was found that the milk is adulterated with vegetable oil and contains 1.5 per cent milk fat and not the recommended 2.5 per cent milk fat in accordance with the provisions for flavoured milk as set out in the Food and Drug Regulations.Additionally, the product was prohibited according to the laws on food standard. Tweet NewsRegional Guyana refuses entry of milk from Bahrain by: Caribbean Media Corporation – January 10, 2017center_img Share 125 Views   no discussions Sharelast_img read more