ABC Australia bashing elderly again and encouraging social conflict - Article by Sally Pepper
ABC again - interest rates now. After multiple interest rate rises from the Reserve Bank, the effects are biting into the living standards of ordinary Australians trying to pay off their housing mortgages. The banks pass on the rises very rapidly to mortgage holders who are impelled to find the extra money. There is no mercy as far as I know . Those with bank deposits gain a little as their interest earnings increase.