A report this morning that some people with ‘mortgage stress’ are living on rice reminded me of those days back in 2007 when Kevin 07 was constantly going on about that and the general financial pressures on ‘working families’.
The latest HILDA statistical report on trends in financial stress over 2001-2007 confirms that these 2007 Labor claims were gross exaggerations, and that the overall trend was clearly towards less financial stress.
‘Financial stress’ was reporting one or more of: unable to pay utility bills on time, asked family or friends for financial help, unable to pay rent or mortgage on time, had to pawn or sell something, asked welfare agency for help, went without meals, unable to heat home.
There was a time when Kevin Rudd could successfully argue that black was white. By last week he could barely argue that black was black.