For those who do intend to increase their spending, two themes are common. The first is international travel, which doesn’t wholly benefit the Australian economy. The second is home renovations, which benefits only a specific sector.
James Pearce and wife Karla Quintana have started new jobs and are saving for a home for themselves and their three children, Rigel, Alfonso and Nerida.Mr Pearce eventually landed a job and then a new, better-paying one that could be done remotely during the long Delta lockdown in NSW. Mr Pearce said the Treasurer’s call for Australians to spend their savings was “ridiculous and disingenuous”.
Mr Bandara, who is married with a young daughter, said he will use some of the savings for home improvement projects and a trip to visit relatives in Sri Lanka. When she was a young woman, Ms Gretton saved a deposit for her first unit by investing in shares after her grandmother encouraged her to learn about it.
People are saving money? No I think you are mistaken, the rich are making money nobody but them is saving it.....
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