ABC News Daily Alan and Chris Kohler on the year in finance
Dec 17, 2024
Alan Kohler, an ABC finance presenter, and his son Chris Kohler, Nine News finance editor, dive into the cost of living crisis affecting Australians of all ages. They discuss the housing market struggles for younger generations amid rising interest rates. Alan highlights how government spending and immigration cloud the true economic picture. Chris points out the lack of competition in supermarkets and its impact on consumer prices. They also offer insights into what 2025 may hold for the economy. Tune in for their witty yet informative take on these pressing issues.
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Hotel of Mum and Dad
- Chris Kohler stayed at his parents' house for several months while house hunting.
- This illustrates the increasing reliance on the 'bank of mum and dad' amidst housing affordability challenges.
Housing Affordability Problem
- While there's general agreement on the housing affordability problem, solutions remain contentious.
- People have different ideas, and there's no consensus on accepting stagnant house prices for 20 years.
Why No Rate Cuts?
- Unlike other countries, Australia hasn't cut interest rates because unemployment remains low.
- People are struggling but still paying bills, so the RBA doesn't feel compelled to cut rates yet.