David Taylor
speaker
997 appearances
8 recordings
2 series
first heard Apr 2026
last heard 15 Sep
David Taylor’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 3.
Appearances
Heaven forbid you go out for a restaurant dinner once a month.
You don't have any money left over.
So the Commonwealth Bank is showing this in a clear chart that the people in that mortgage belt don't have money left over to save.
Whereas those who have paid out their home outright, and best of luck to them, they're hardworking Australians.
We should say not all people over the age of 65 own their home outright.
There are plenty of people who are still doing it tough.
But for the cohort of people over 65 who have paid out their home, have a very nice superannuation balance, they're doing the spending.
So I'm sure Michelle Bullock at the Reserve Bank in the Sydney CBD is thinking to themselves, well, we've only got one tool.
So we are hitting that mortgage belt hard.
again, you know, that they've hit mortgage borrowers three times this year.
And I suspect the hesitancy of going again, despite the fact that inflation is still, in her words, too high, is that data like this shows that it's really not mortgage borrowers that are doing the damage.
No, 100%.
And where you get really interesting data, and it's interesting data, but sometimes it's heartbreaking, is that there are a number of items in the basket that are sort of in a grey area between discretionary spending and non-discretionary spending.
One of them is car insurance.
So if you go to somewhere like the National Debt Helpline, they will say to you, people have stopped paying car insurance because they view it as discretionary.
It's not discretionary.
It's very much something that you need to pay to protect yourself against an accident.
which could wipe anything from $5,000 to $100,000 off your savings.
But we are now in that time, especially for that cohort of people that are finding it impossible to save and are perhaps dipping into their, as you mentioned, cutting back on spending.
You do get situations where people start cutting back on stuff they really shouldn't start cutting back on.
Showing 421–440 of 997 · page 22 of 50
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