The Cellar - View Single Post - Are you affected by the current economic meltdown???

Aliantha · 01-28-2009, 03:43 PM

Most self funded retirees over here are at least 30% poorer now thanks to the meltdown. In real terms, that means they have to survive on 66% of the income they were living on 6 months ago. That's a big drop to adjust to in anyone's books.

As far as we go personally, so far it's been pretty good for us because although Dazza's superannuation has suffered, he'll be in the workforce long enough that it'll have time to recover and the fact that interest rates are dropping and expected to drop by another percent next week, our mortgage repayments are at an all time low. It's good for us for that reason. Has been bad for many others though.

01-28-2009, 03:43 PM	#30
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	Most self funded retirees over here are at least 30% poorer now thanks to the meltdown. In real terms, that means they have to survive on 66% of the income they were living on 6 months ago. That's a big drop to adjust to in anyone's books. As far as we go personally, so far it's been pretty good for us because although Dazza's superannuation has suffered, he'll be in the workforce long enough that it'll have time to recover and the fact that interest rates are dropping and expected to drop by another percent next week, our mortgage repayments are at an all time low. It's good for us for that reason. Has been bad for many others though. __________________ Kind words are the music of the world. F. W. Faber