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Middle income earners are now calling debt hotlines in distress
Manage episode 427901732 series 2772588
More Australians than ever are now holding down more than one job. It’s just one example that illustrates the perfect economic storm that surrounds us. A toxic mix of growing mortgage repayments and rents, plus broad inflation.
So, what’s the way out for those in financial distress?
Today, senior economics correspondent Shane Wright on when we might next see an interest rate cut, or rise. And what it means that the Reserve Bank governor has gone a particularly long time, without giving a speech.
Subscribe to The Age & SMH: https://subscribe.smh.com.au/
See omnystudio.com/listener for privacy information.
499 episodes
Manage episode 427901732 series 2772588
More Australians than ever are now holding down more than one job. It’s just one example that illustrates the perfect economic storm that surrounds us. A toxic mix of growing mortgage repayments and rents, plus broad inflation.
So, what’s the way out for those in financial distress?
Today, senior economics correspondent Shane Wright on when we might next see an interest rate cut, or rise. And what it means that the Reserve Bank governor has gone a particularly long time, without giving a speech.
Subscribe to The Age & SMH: https://subscribe.smh.com.au/
See omnystudio.com/listener for privacy information.
499 episodes
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