Totally agree. Putting up interest rates, especially Mortgage Rates, only affect a small portion of the population IE:- the less than 25% of home owners who still have a Mortgage. These are the people who are struggling and an increasing number are going into Mortgage Stress.
The 75% of home owners who are Mortgage free are only affected by increases in consumer prices.
I am in that 25%, being a part pensioner with a mortgage (forced into retirement on health grounds), and boy is it hurting. I just wish that my income was going up as quickly as my mortgage repayments, 3% verses 12% over the past 12 months !!!!!
Then there is excessive profits being taken by some companies / corporations is absolutely criminal, where they put Profits above People.
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