More financial pain for retirees as interest rate drops to new record low

EW
Updated November 17 2020 - 11:29am, first published November 4 2020 - 9:00am
Interest rate drop increases tough times for retirees.
Interest rate drop increases tough times for retirees.

Many older Australiasns are basically paying banks to hold their savings, say retirees.

EW

Eileen Wood

Senior Journalist

I'm a senior news journalist at The Senior newspaper, the leading publication bringing targeted news on issues affecting older Australians. We cover NSW, Victoria, Queensland, Tasmania, SA and WA. If you have a story idea I would love to hear it. You can email me: eileen.wood@thesenior.com.au or phone The Senior 02-4355-5000, mob. 0487 495 805

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