Sky News host Chris Kenny discusses the recent Sydney Morning Herald opinion piece which asks boomers to do Australia a “favour and stop spending” amid the cost-of-living crisis.
This comes amid the RBA’s latest rate rise to 4.35 per cent.
“Dear Boomers, please, do the country a favour and stop spending,” author Rachel Clun wrote.
“I know you’ve worked hard and earned your right to enjoy your retirement, but if you could hold off any major purchases for the next few months, we younger folk might be able to thank you for helping avoid further rate rises,” she said.
Boomers told to do Australia a ‘favour and stop spending’
“The interesting thing is … I’m wondering whether this spending that they want the boomers to stop, would that include the money that boomer parents are sending to their children,” Mr Kenny said.
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