The Reserve Bank lifted the cash rate for the first time in two years yesterday, to 3.85 per cent. Exactly as mortgage holders have been fearing.

But what if many of us are not actually in the cost-of-living crisis that we keep being told that we’re in? And that this new interest rate is comparativelygood?

Today, senior economics reporter Matt Wade on how obsessing over the cost of living hides the real challenges of our age.

The Reserve Bank lifted the cash rate for the first time in two years yesterday, to 3.85 per cent. Exactly as mortgage holders have been fearing. But what if many of us are not actually in the cost-of-living crisis that we keep being told that we&rsquo;re in? And that this new interest rate is comparatively good? Today, senior economics reporter Matt Wade on how obsessing over the cost of living hides the real challenges of our age.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Why our obsession with interest rates and cost of living is a problem

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/9e1946df-7203-48df-a8d5-b3e60059361b/transcript