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Australia’s $200 billion recession war chest – NEWS.com.au
Australia’s $200 billion recession war chest
Australians have amassed a $200 billion war chest in personal savings to protect their families and businesses from the COVID-19 recession.New Treasury figures have revealed for the first time the extraordinary cash reserves workers and bosses have amassed to save for a rainy day.
And the balance sheets are one reason why the Morrison Government claims it’s safe to start withdrawing the “life support” measures including JobKeeper and increased JobSeeker payments.
In fact, the Treasurer claims the…
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