Dana Wortley (SA, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. Doesn’t the fact that savings are now a negative 3.3 per cent mean that families are running down the savings that they do have or are using credit just to put food on the table? If families do not have any savings, how does the minister suggest they pay for their Christmas holidays? Won’t Christmas holidays be impossible for many families as they struggle under the weight of a $146 monthly increase in mortgage payments—and since their Prime Minister told them that interest rates would not go up under his government?