Government Services Minister Bill Shorten said he would not describe the current situation where households are struggling to repay mortgages under high-interest rates and inflation as a “household catastrophe.”
“I wouldn’t use such language to be honest,” he told ABC radio on April 13.
But he acknowledged that there was “no question” families were struggling to fork up thousands of extra dollars for their mortgage.
“[The government is] trying to help with inflation. So we’re trying to do budget repair. We’re trying to look at the blockages in the economy. We’re trying to do relief in terms of cost of living,” he said….