Money news: living standards, shares and Nintendo

In this money news, a new report finds living standards in Australia have dipped, Aussie shares are making a comeback and Nintendo is back.

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Money news that affects your hip pocket this Tuesday.

Living standards in Australia are reportedly on the slide, according to a study by the Australian National University’s Centre for Social Research and Methods.

According to Associate Professor Ben Philips …“Over a five-year period, we find that growth in living standards are at their lowest point between 2010 and 2015 — even lower than the growth experienced during the last major Australian recession in the early 1990s.”

See more: money news on living standard 

Australian shares are making a comeback after global markets gained on expectations that interest rates will have to stay low in the United States and Theresa May was confirmed as Britain’s new Prime Minister starting Wednesday.

In other money news, budget airfare website Bestjet is in the headlines as travellers accuse it of cancelling reservations and asking for more money to buy new flights, according to Fairfax Media. Customers are warning others not to use the airline, while the company has denied any wrong doing.

See more: money news on travel dollars

Nintendo is back, with its shares experiencing their biggest intraday jump on Monday since it started trading in Tokyo in 1983, following the success of a new smartphone app for its Pokemon fantasy monster character franchise.

It’s been many years since Nintendo revolutionised the gaming world with the arrival of Super Mario, which became a must have item on the wish lists of now generation X’ers and older Gen Y’s. Now it seems Pokemon is the new craze.

See more: money news on Nintendo‘s resurrection

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