The government want us to save for our retirement. Great, we are doing that. A little in the bank, a little invested, stocks and bonds ect. We have managed by not having holidays, not going out and working hard to pay off our home.
Now they are pushing to have interest rates down at very low amounts. So we aren't getting any interest on the money we have in the bank.
I feel for the ones with mortgages at the moment, but we have all gone through it if we own a house, there was one stage when interest rates were 21%.
In today's paper, a couple were complaining that the interest rates not going down meant that they couldn't take their kids out to brunch on the weekends and make memories. What's wrong with having a family breakfast at home or taking a picnic to a park or beach. Costs a lot less and you still make memories. Kids don't need to be taken to fancy restaurants to make memories.