On this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses significant issues in Australia's financial landscape. The show begins by unpacking the new reforms of the Aged Care Act and their potential impact on long-term liability insurance. The conversation moves to the drop in average household disposable income, emphasizing increasing childcare, housing costs, and a pressing mismatch between housing supply and population growth in Australia. In related news, the 'Retirement Confidence Pulse' report reveals growing financial insecurities among Australian retirees due to escalating living costs. The episode concludes by examining the evolution of global e-commerce through social media platforms like TikTok and the challenges it poses for consumer protection and digital innovation. For more knowledge on key financial matters, listeners can visit financialservicesonline.com.au.

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