@TheCapatilist; many self-funded retirees took a big hit when the economic conditions created by John Howard's governments sparked the worst Global Financial Crisis in eighty years - clobbering investments of self-funded retirees.
Many were then pressured into relying on more conservative / protected investments such as bank term deposits - low reward!
Once the Coalition returned to office and set about quadrupling Australia $Debt, inflating the property market and clobbering real wages the RBA knee-capped returns on Term Deposits - forcing self-funded retirees to pay for the Coalition's 'Trickle Down Economics' mechanism for $Feeding the $Greed of Australia's wealthiest 5%.
The globally disruptive sanctions the USA applied against Russia in February 2022 and strongly sup[ported by the Coalition which were really aimed at making America great again, delivered another body blow to Aussie Battlers as they enabled unprecedented $Price $Grouging by businesses.
The Coalition had unleashed the inflation dragon, the purchasing power of self-funded retirees was yet again knee-capped and the RBA jacked up interest rates - killing the investment in Australian equities.
