I have just heard Ross Greenwood say that the handouts from the Government's Economic Stimulous Package have reduced the number of bankruptcies in the last quarter.
Can someone please explain to me how a few $900 handouts have lowered the Nation's figures for bankruptcy? $900 is hardly half the average mortgage payment at 5%pa!
Let's say the average 2.5 child/family ratio still exists. That is $2,250. That might help for one month, I guess.
What about lower interest rates? The average Mortgage payment has been down by $300 since the December Quarter!
Regards JO
Can someone please explain to me how a few $900 handouts have lowered the Nation's figures for bankruptcy? $900 is hardly half the average mortgage payment at 5%pa!
Let's say the average 2.5 child/family ratio still exists. That is $2,250. That might help for one month, I guess.
What about lower interest rates? The average Mortgage payment has been down by $300 since the December Quarter!
Regards JO