"Charities expect to see an influx of new families seeking help. New data
indicates that 36% of NSW homeowners are under mortgage stress,
following a decisions by the big four banks to lift rates beyond the Reserve
It's interesting to see Capitalism continuing to effect those who have no ability to change/challenge or even benefit from it. Many homeowners will go into further stress, rents will increase and again the most disadvantaged will have the least ability to "find their feet" in the current economic situation.
Do these institutions just expect people to cope, expect NGO's to pick up the pieces or continue to have no regard for those most vulnerable in the economic climate?
Of course we can argue, which is the best of all systems.. but when will there be a social conscious that makes decisions based on the effects this will have as opposed to the benefits it already brings the most priviledged and positioned in society.
These are questions I am happy to hear your thoughts on, but for now I continue to be frustrated and sadden by a country that wants to thrive on economics rather than the people who make a nation great.