Forget inflation. Inequality is the real economic problem.
7am
00:00
Introduction
The Reserve Bank held interest rates steady last week for the first time in a year. Mike Secum says they're waiting to see how badly Australians have been affected by rate rises before deciding how much more pain they will inflict on us. The RBA's message was that things will get worse before they get better, he says. Ruby Jones: Some people are feeling this pain a whole lot worse than others are. Why financial pain isn't distributed evenly and how rate rises can make inequality worse.
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Transcript
