The Forum > General Discussion > Exaggerating the Cost of Living 'Crisis'
Exaggerating the Cost of Living 'Crisis'
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While the media and pensioner organisations would have us believe that people are starving and shivering in the dark, consumer spending is "incredibly strong" (Australian Financial Review); household spending rose by 2.2% in June and by 6% over the year. All retail spending, in fact, reached a record of $34.7 billion this year.
Rising inflation and higher interest rates are "doing little to defer shoppers"; which is strange, if people are as hard up as the media tells us they are.
Like the government, consumers are not cutting their spending, which would be the expectation if they are really struggling.
The big scare, of course, is surging electricity prices, but a notice from my provider tells me that I will be paying less with the new plan starting in November.
I think that we are being subjected to yet another scare campaign to encourage the idea that we have to rely on Big Government.