Forget inflation. Inequality is the real economic problem.

<p>Cost of living pressures and interest rate rises mean that millions of Australians are struggling.</p><p>But what often isn’t acknowledged by the Reserve Bank, its governor, or many of our political leaders, is that some people are doing just fine in these economic conditions – in fact, they can benefit from them.</p><p>Those people are the wealthiest Australians – in particular, people who have paid off their houses and are debt free.</p><p>Today, national correspondent for <em>The Saturday Paper</em> Mike Seccombe on why financial pain isn’t distributed evenly and how rate rises can make that inequality worse.</p><p><br /></p><p><strong>Socials: </strong>Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a></p><p><strong>Guest:</strong> National correspondent for <em>The Saturday Paper</em>, Mike Seccombe</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>