only 35% have a mortgage 35% none, page-3

I don't really see Kin's point.

I have made this point regularly [OK I don't spend much time here] that the cheering when interest rates drop SHOULD be drowned out by the boos. As stated 35% have no mortgage and many more have modest amounts. These groups prolly don't have much debt elsewhere either.

The approx one third in the middle must be renters and while they might have a lot of personal debt, small rate drops are not seen on CCs and consumer finance. No reason for them to cheer.

In spite of the bleatings on the MSM, a lot of folk have savings so they don't cheer.

Insurance premiums are sky-rocketing [partly] because the companies have poor returns on their investments. Us with insurance shouldn't cheer.

Most folks' super does not do much better than bank interest, so superannuates should not cheer.

But the Goose stands up and says what a good job he's doing every time rates fall. A very low interest rate for an economy is about as unhealthy as a very high temp for an individual.