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.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 3.
Appearances
It also creates a tension though, because if the idea that, you know, households are really struggling
But they're not.
based on the data, then then what what's the purpose of such a policy?
It's really interesting that we've got
A couple of conflicting ideas here.
We've got the national debt helpline saying a record number of calls, and we've also got savings ratios, you know, uh being reduced based on the latest national accounts that we got for the the second quarter of this year.
At the same time, you've got the Commonwealth Bank and the big banks insisting that debt defaults are astronomically low and that even
Even you know, mortgage stress is relatively low.
We're talking about maybe a couple of percentage points of the mortgage borrow population.
So, you know, the data is telling us that it is really at the margin that people are really struggling, but at the same time, there is a lot of
complaining about household budgets out there.
And then you find, as you mentioned in the pandemic, that when people do get the extra cash, they spend it on non-essential items.
So it it is actually a little opaque.
Is it it to to get this idea of are people genuinely struggling or are they just complaining about it and not used to having a lifestyle where they ha where they actually have to watch their budget, you know,
I think that is a really key point because we're not and for those who have and it's I I want to be really crystal clear about this.
For for those who um are maybe unfamiliar uh about compounding and investments in general, we're not talking about a lump sum that grows at a certain rate over time.
That's not what we're talking about.
So the the the magic, as Paul Keating would say, of superannuation is that it builds on itself.
It is effectively like a snowball going down a hill.
It builds and builds and builds, which means that if you withdraw or take cash early out of it, the
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