Who’s driving inflation? (hint: they’re wealthier and older)
November 12, 2023
15 min
1103
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1,188 of 2,041
Episode 1103 · November 12, 2023
Who’s driving inflation? (hint: they’re wealthier and older)
0:00 / 15:43
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The Messy Conservatives Episodes Around November 12, 2023
Episode 1,188 of 2,041 — walk the feed in the order it was published.
15:43This episodeWho’s driving inflation? (hint: they’re wealthier and older)
Summary
<p>Australia is not out of the woods on the cost-of-living crisis – prices are still rising too fast.</p><p>Last week, the RBA were so concerned that they hiked interest rates again, saying it’s the only way to slow down the spending that’s pushing prices higher.</p><p>But who is doing the spending? And how do they have money to throw around?</p><p>Today, national correspondent for <em>The Saturday Paper</em> Mike Seccombe, on the Australians still spending big and why it means more economic pain for the rest of us.</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>
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