A cost-of-living nightmare with no end in sight
Low confidence, fuel costs and rate fears deepen a cost-of-living nightmare with no end in sight.
Australian consumer confidence has fallen to about 80, with higher petrol prices and interest rate fears weighing on household outlooks. Westpac Senior Economist Matthew Hassan discusses what the survey reveals about different groups of consumers, the prospect of another rate rise and the risk to the economy. SBS Finance Editor Ricardo Gonçalves also speaks with Medallion Financial Group Managing Director Michael Wayne about the sharemarket’s third straight day of gains, technology stocks and the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.