Cash splash vs frugal living: our two-tier economy

Afternoon headlines: Peter Dutton’s speech interrupted by protesters, employment figures show despite thousands losing work unemployment rate holds steady and Australia’s rich list has been released  

Deep dive: A two-tier economy is emerging in Australia, with some splashing cash around while others struggle to pay their mortgage and bills.

With cost of living set to be the number one issue as we approach our federal election, a growing number of people have given up on the Aussie dream of owning a home – and are now using their disposable income to enjoy life.  

In this episode of The Briefing Natarsha Belling is joined by Scott Phillips, The Motley Fool's Chief Investment Officer, to explain why we need a complete overhaul of managing interest rates, inflation and the property market.

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