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What about the self-funded retirees?

Posted by: 2UE | 5 December, 2012 - 9:01 AM
Paul Clitheroe on the buying & selling of shares on the ASX

The pressure on the RBA is the soaring Aussie dollar, and as they dropped rates, the steam wasn't taken away. Stuart Bocking questions however the Treasurer on negative comments, and the forgotten self-funded retirees.


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There will be little Christmas cheer for pensioners, self-funded retirees and other older Australians living off their investments. John Stanley with Michael O’Neill, CEO of National Seniors Australia on the latest interest rates drop.

 

The Coalition claims the major banks aren't passing on the Reserve Bank's interest rate cut because they lack confidence in Labor's economic policy.

The so-called 'Big Four' have gone to ground since yesterday's quarter-percent reduction - which took official rates to emergency levels of three-percent.

Opposition Leader Tony Abbott says the banks reacted to cuts under the former Liberal government.

 

Youth concerned about the economy

Generation Y narcissistic according to Psychology Professor

Young people are most worried about the economy and getting a job, with many heading to work just to help their family pay the bills. A Mission Australian survey shows the concerns of those aged 15 to 19.

Celebrate the season, but don’t drive

Survey reveals a staggering rise in the use of illegal drugs

Christmas party season and Stuart Bocking sought out details of road side testing for drivers over the limit. Not just those who have had too much to drink, but the tests being run for marijuana and amphetamines.

Blog comments Your Say

  • And you can bet your boots that this utterly deceitful Gillard minority incompetent 'government' is working on new taxes that will largely affect self funded retirees. Already interest rates and the carbon dioxide tax are punching into them, next death duties and capital gains tax on the sale of their family home. And so the utter rorting and rot goes on an on unabated.

    Jonathon L Benson Thursday 6 December, 2012 - 7:12 AM
  • Clearly Labor have absolutely no time for self-funded retirees, the very people who built this ONCE prosperous and ONCE moral and happy easy going nation. Socialist hypocrites, lying Labor obviously despise the hurting self-funded retirees.

    Ogden Wednesday 5 December, 2012 - 11:46 AM

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