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posted ago by ThankGod ago by ThankGod +30 / -0

Details of briefings inside the Reserve Bank that you were never meant to see have been released – and they show growing concern about a rapidly worsening crisis.

Secret briefings inside the Reserve Bank reveal a startling surge in the number of middle-class Australians on six-figure salaries seeking a financial crisis support.

In July, members of the RBA’s Financial Stability division met with representatives from the National Debt Helpline – a resource offering those in need access to free financial counselling.

Engaging with the service is often a requirement of banks when borrowers are unable to meet some or all their home loan repayments, but anyone in distress can seek help.

Notes from the briefing, sent as a confidential internal memo to analysts at the central bank, have been released under Freedom of Information and viewed by news.com.au.

https://www.news.com.au/finance/money/costs/secret-rba-documents-reveal-even-highincome-middleclass-aussies-are-in-financial-crisis/news-story/4562872205939edc00e10400e8c2fc84