Savings all gone? You're not alone and it's intentional, says economist

If you've been struggling to put any money into savings, you're not alone. The Australian household savings ratio has hit a 17-year low, with just 1.1% of disposable income being saved.

Worried mature couple counting money at white using laptop indoors Credit: Deepak Sethi/Getty Images

Whilst the high cost of living is partly to blame, one economist says it's mostly the result of a deliberate policy decision by the Reserve Bank of Australia.

Kulasegaram Sanchayan reports in Tamil with a feature written by Rania Yallop.

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