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Future2 Foundation Seeks Nominations for Financial Wellbeing Grants
Future2 Foundation Seeks Nominations for Financial Wellbeing Grants
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The Future2 Foundation has opened nominations for its annual Make the Difference Grants, providing financial support to initiatives that enhance financial wellbeing across Australia.
Financial services professionals have until August 21 to nominate local projects aimed at improving financial literacy, assisting those in poverty, supporting disadvantaged women, and benefiting regional and remote communities.
Foundation Chair Julie Berry emphasised the importance of the nomination process, stating that organisations themselves cannot apply for the grants. She urged as many professionals as possible to propose organisations that aim to strengthen financial wellbeing in Australia. Berry highlighted that these grants play a vital role in empowering both individuals and communities to attain greater financial stability and independence.
Financial services professionals are integral to the workings of Future2, contributing through donations, fundraising, and nominating worthy causes. The grants provide up to $15,000 to successful projects, and since 2007, Future2 has allocated $1.8 million to over 180 community programs.
The application details for potential nominees are available now, providing a valuable opportunity for those involved in financial services to have a direct impact on their communities.
Australian real wages have hit a challenging plateau, currently trailing 6.1% below their mid-2022 'covid-bubble' heights. The Reserve Bank of Australia's (RBA) recent Statement of Monetary Policy provides little solace, projecting that real wages will stay 5.5% beneath their peak by the close of 2027. This comes amidst SEEK's latest advertised salaries index, which paints a picture of slowing wage growth. - read more
The latest inflation figures from the Australian Bureau of Statistics have disrupted expectations for a rate cut by the Reserve Bank of Australia (RBA) in September. July's monthly CPI inflation escalated to an annual rate of 2.8%, rising significantly from June's 1.9% and outstripping forecasts from multiple market analysts. This unexpected inflationary surge is mainly attributed to a dramatic 13.0% hike in electricity prices and robust travel costs. - read more
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