Retirees incomes suffer as interest rates plummet

EW
Updated July 5 2019 - 3:51pm, first published June 28 2019 - 10:10am
TOUGH FINANCIAL TIMES: Interest rate falls hit retirees in the hip pocket.
TOUGH FINANCIAL TIMES: Interest rate falls hit retirees in the hip pocket.

UNFAIR and unjust is how struggling retirees are describing the government's lack of action on the deeming rates despite another drop in the interest rate by the Reserve Bank.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options
EW

Eileen Wood

Senior Journalist

I'm a senior news journalist at The Senior newspaper, the leading publication bringing targeted news on issues affecting older Australians. We cover NSW, Victoria, Queensland, Tasmania, SA and WA. If you have a story idea I would love to hear it. You can email me: eileen.wood@thesenior.com.au or phone The Senior 02-4355-5000, mob. 0487 495 805

Get the latest Blayney news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.