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.
Not surprised. How does anyone afford food in oz ATM let alone fuel, increase insurance etc. Everytime I hit the stores for food I wanna cry.