What Shorten is forgetting most of these people would have a preference for the safety of term deposits if they could get anything over 8%. and avoid the risk of getting into shares.
The fiscal policy is forcing older people to take risks, and Shorten's wants to increase their stress level.
What is the normal advice from an financial advisor when u reach a certain age, that as u get older take less risks with ur investment.
Currently, people are forced to take risks by investing reluctantly into shares and Shorten and Bowen are acting irresponsibly by knowing that their grab could be a short term event.
