Depositors forgotten in rate debate

The decision yesterday by the Reserve Bank of Australia to keep interest rates on hold will be welcomed by mortgage holders, but not depositors.

The hammering the banks receive when interest rates rise could understandably lead people to think that the only interest rate that matters is a mortgage rate, and that the majority of Australians are mortgage holders.

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Why Savers Are Furious In America

As rates have declined, interest income as a total share of the economy is back to levels not seen since the early 70s