Household Financial Pressures And RBA Propaganda…

Next Tuesday I will be running my live show on Household Financial Stress, which continues to worsen. However, what constitutes “stress” is being debated widely – its a matter of definition. The RBA has joined the debate, but I will argue in today’s show they conveniently presented a lop-sided story, which understates the true picture. Andrea Brischetto, Head of Financial Stability gave a speech at the Sydney Banking and Financial Stability Conference, University of Sydney, titled Financial Stability and the Financial Health of Australian Mortgagors. There has understandably been a lot of focus on this issue of late, with many […]