The Great Household Budget Squeeze

Consumers are funny. Their confidence levels are like we're in a recession and yet they're still spending up a storm despite the fourth interest rate hike in a row. So what does the Reserve Bank think about the behaviour, especially as it tries with all its might to bring down soaring inflation? And how bad is the financial 'stress' at the moment (remember unemployment is at record lows). Plus the latest productivity snapshot is out ...how do you think Australians have been performing? We dive into the result and what's holding us back. St George Bank Chief Economist Best Deda and Barrenjoey Senior Economist Johnathan McMenamin join Gillian for this insightful discussion. Find out more about Gillian here.

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