How deep is the financial hardship well?

It is probably no comfort to anyone to reflect on the year when investors could get 14.95% on a bank term deposit. It was January 1991, the recession Paul Keating said we had to have. People with personal loans and credit card debt watched horrified as repayment rates went to 20% and beyond. The average variable mortgage rate rose to 17.5% at the same time. The gap between the haves and have-nots in that era…

Continue reading

Newstart or job-share?

There are times when I’m grateful my conventional working life is behind me and I can wait (patiently) for the next humble pension payment. My needs are small – I can sit on the front veranda with a cup of coffee made on our machine for about 15 cents, enjoy my banana toasty, share the crumbs with the birds and do the crossword. Some may call me a leaner, but I’ve done my share of…

Continue reading