The Australia interest rate rise is the wrong medicine and an even worse alibi
(www.theguardian.com)
We're seeing another facet of the generation lump that is boomers
No i'm not "blaming boomers". I'm pointing out that once again the size of that generation compared to those before and after is causing huge issues with systems that weren't designed for it.
Much like we had to bring in superannuation when cooler heads realised the pension math was not mathing, we need a radical new idea to deal with the economic pressures caused by a significant cohort that are not overly affected by debt, nor particularly incentivised to save.
The RBA rates lever is not going to work here. Find a better way.