I’m too high for this, which direction are you supporting?
Comment on The Australia interest rate rise is the wrong medicine and an even worse alibi
Cherry@piefed.social 5 hours agoThose who took on too much debt shouldn’t hold the rest of the nation to ransoms.
Aus is an affluent country used to having a high disposable income. They will likely all keep spending.
They need to start taking the medicine. The ironic lucky country is being realised here
ryannathans@aussie.zone 4 hours ago
bignose@aussie.zone 3 hours ago
There is also significant wealth inequality in Australia. Many, many people do not have a high disposable income. Should they “take the medicine” of unemployment and price hikes?
Cherry@piefed.social 2 hours ago
I am not saying it will improve, i think its inevitable a lot of people will get hurt, those without likely. However a lack of common awareness is a big issue. Australia is affluent. Do people spend money easy…take a look at westfield most weekends, and tell me i am wrong. But she’ll be alright is used like an excuse to not deal with clear issues.
I know that there is disparity, been calling if for a long time but most people have been ok with this because their house price went up. The can has been kicked and kicked but debt has to be paid eventually. I am not rich, I cannot afford a home in Aus, but I am also not ignorant to the conditions of those who struggle.