Why our spending habits have reverted to the 1940s

You know it; I know it, and the politicians sure know it. We’re still in the grip of a cost of living crisis. 

But while our two main political parties take pot-shots at each other, and try to score points over who’s doing a better job at providing relief, one main part of the discussion has been lost.

What are we spending our money on now? And why?

Today, senior economics correspondent Shane Wright on the biggest shift in our spending habits that he’s seen, in his nearly 40 years long career. And what it says about us. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.