Mortgage stress now grips 42 per cent of Australian households, according to a UNSW City Futures Research Centre survey. This is a sharp increase from 30 per cent in February 2020.
The Australian government and major-party politicians have one response to concerns that bank deposits could be “bailed in”: don’t worry, you’re protected by the $250,000 Financial Claims Scheme (FCS) deposit guarantee.
One Nation Senator Malcolm Roberts said in a 27 October appearance on a special live webcast of Martin North’s Digital Finance Analytics program, “The Fight Against Deposit
