Why Australia Is Suddenly Becoming Poor

Australia's economy is facing some serious challenges, from rising inflation and stagnant wages to a housing market that's out of control. But is there hope for recovery? In this video, we explore what Australia can do to fix its economy. From diversifying into renewable energy and technology to tackling the housing crisis and managing immigration, we cover practical solutions that could help turn things around.
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[@Krishnareddy-q5d]

I get 125+ super per annum. And i think before buying basics like grocery, clothing etc. it feels like poverty in Australia.

[@lukechill]

australian personal wealth is strongly tied to homeownership, stagnation in wages was okay because the value of your home would go up and initiatives like superannuation meant you were still better off than your parents, because this new generation has been priced out of the market the country is quickly becoming an inheritocracy. its disappointing how privatised the gains of the mining boom have been , perth should be plated in gold. unfortunately, immigration is likely going to be used as a scapegoat in the upcoming election and we will probably see an incumbent government given the boot just like in the US despite the fact that we probably just need to give up on the idea of a quarter acre and a backyard. still a great country with great people though

[@debbieanne7962]

Australia is overpriced and over rated. Unless you have generational wealth or a really well paid career you’re on struggle street

[@ashwinprasad2640]

Australia and Canada are micro versions of the United States. The United States lags behind them by a few years. So you will see something similar happening in the USA shortly.

[@tomtraster2065]

This is the dumbest comment I've seen in a long time

[@SherlocksGameplay]

Now, blame it on Immigrants

[@okamijubei]

No... Blame the oil company for taken away the value of uranium.

[@boolight]

Is not migrants its excessive migration,coupled with excessive number of foreign students ,doesn't help with housing shortage.

[@Curricullum101]

It's a great shame that the content I initially subscribed for has steadily disappeared, the channel has morphed into spewing out content I neither desire nor care for. You had incredibly well thought out economics/finance content but somehow you woke up one morning and decided to join the degenerate content band wagon. I came here for investment content and not this drivel, and on that note. Vertu blessaður