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Are current low interest rates a good or bad thing for you?

By Mike . Created on 15 Nov, 2019
Interest rates are pretty low at the moment. Is this overall a good or bad thing for you?
Current Affairs 147 votes | 12 Comments
Its good for me!

Its good for me!

Its bad for me!

Its bad for me!

Unsure: don't have knowledge about interest rates

Unsure: don't have knowledge about interest rates

By Di
on Nov 16, 2019
  • 0
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Its bad for me!
Michael said on Nov 17, 2019
My Investments earn nothing. My pension is reduced on an asserts test that implies a 7% return. Still who cares I may not be alive to vote next time round
Sandra said on Nov 17, 2019
Very bad for me as a retiree. I can remember paying 19% in the 80s for a business loan!
Its good for me!
Debbie said on Nov 17, 2019
I put my savings into my mortgage.
Its bad for me!
Patricia said on Nov 16, 2019
Bad for anyone that has savings in their bank account
Its bad for me!
Mrs said on Nov 16, 2019
Bad for the majority of the population who are over 50 and trying to save for retirement. This includes me. Good for the minority of the population who are under 40 and trying to buy a house. the 40/50 group are teetering between the two and probably confused silly.
Its good for me!
SamanthaD said on Nov 16, 2019
Good for a low income earners to save more less interest. So one day they can buy a house.☺
Its bad for me!
Mrs P said on Nov 16, 2019
savings interest is low..not happy jan
Its bad for me!
JulianL said on Nov 16, 2019
While good for current home buyers, and terrible for retirees requiring income to live on, it is a symptom / response to a very poorly performing economy, thinks to this totally inept government. Australia did well in the last recession, thanks to Labor stimulating the economy. (I say "last", as we are again in a recession, when you count it per person, rather then using a raw figure in a population whic...
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Its bad for me!
Muzza said on Nov 16, 2019
only reason we did well in the last recession was coz the libs left Labor a shit load of money KRudd spent that's why we got none now