Bank savings a joke

Money in a savings bank earns 1.5 per cent per annum.

Money invested in a house earns 9.1 per cent so where does one put one’s money?

It doesn’t take rocket science which one to invest in, that is if you can afford it.

Government statistics show 51 per cent of New Zealanders are low wage earners beholding to the rich above them and so the rich, in leaps and bounds, get richer. Likewise the poor keep getting poorer, all the while the Government – feathering [its] own nest or, in some cases, several nests courtesy of the tax-funded gravy train – make noises about our wellbeing.

Gary Hollis, Mellons Bay