Why so many Australians feel they're not getting ahead financially | 7.30
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- Опубликовано: 31 июл 2019
- On paper, Australians have never had it so good after almost three decades of uninterrupted economic growth. The stock market is at an all-time high, unemployment and interest rates are low, and the housing market is rebounding. But despite this, many working Australians are feeling the pinch. And that's for two very good reasons - wages are flat and our disposable income hasn't gone up since the Global Financial Crisis a decade ago.
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4 kids in private school on single parent's income and they found life expensive? er...
Edward Snowden whatever what about those who live below the poverty line pensions and the like
They’re in catholic schools. Not proper private schools.
@@aussie8114 Public schools free. Some Catholic schools are private I thought.
a1 1 These days public schools cost also. But of course private schools can be very expensive. I think catholic schools are cheaper than most other private schools though probably still not really cheap. I guess the parents think of it as a compromise type investment in their kids future.
And a 'Fencers' income at that...
Swap the $3 million dollar house for a $600k house and send their kids to public schools! Problem solved.
Houses don't cost 3 mill in falafel land
@pjdsa What do they definitively waste money on and how do you stop highly skilled psychologists using advertisements influencing you all day from effecting your judgements?
@pjdsa well you didn't answer my question
@pjdsa you answered none of them
how's the public school system in Australia? im from US and doesnt Australia have excellent public schools?
After school snacks include blueberries and magnum ice-creams!? Cha Ching
They really could have found a better example for a struggling family haha. Not all that sympathetic.
Marble bench top, Pool table, Piano and a New curved TV all on a single income while raising 4 kids.
All by design, ABC welfare bludgers have to justify their existence by pushing lnp propaganda
The family was specially selected to create the illusion that 'you never had it so good'.
When there is a story in the media about the increasing cost of groceries, a woman with a shopping trolley will be interviewed and the shopping trolley will be have chocolate biscuits or other luxury foodstuffs, clearly visible.
This whole video felt like propaganda with it's "it's not as bad as you think" messaging... the stock market and unemployment rates are not good indicators of the wealth of average people for instance.
Martin Olminkhof lol. Funny.
Stock market is an indicator of how much the elite are thieving of everyone else
It is a propaganda video - most people don't feel wealth because they're in debt - which no ones talking about - aussies have one of the highest debt to income ratio in the world - look it up its crazy
Yep; state sponsored propaganda video
Exactly. "But the sharemarket is strong and interest rates are low!" Younger adults don't have mortgages, shares, or significant savings.
Their house is friggin massive ffs
The rates, insurance and upkeep must keep them up at night. Let alone the interest payment.
Yet they complain they are not getting ahead??? Rich people's problems.. They are living in beautiful and massive home surrounded by green and clean streets with 24/7 water supply and electricity supply with enough money to send their kids to private schools.. still they say they are not getting ahead. Stupid people!!! Wealthy cry babies...
@@RK-ve4xp My thoughts exactly
Try having less kids...
rickie G 👍
Neo-Liberalism effectively strip mines a countries assets then offshores the wealth, while privatizing public assets for personal gain; all while increasing the cost of living, at the same time as transferring what should be pay rises into corporate profit.
We just experienced the highest levels of corporate profit in Australian history while wages stayed stagnant, mainly because those profits WERE peoples wages being stolen.
This is why.
How does 'Neo-liberalism' as you put it 'stripmine' country assets and offshore wealth?
Someone s it doesn’t. Fairly sure he just wanted to slip his political opinion in there…
100% correct bro
@@someones5551 Maybe you should educate yourself instead of asking simple questions on youtube.
@@serinadelmar6012 You are fairly incorrect
those people in that video are pretty wealthy. Specially that large family. Big house big TV enough money to cover all of them to have nice clothes and nice food. Yeah they're pretty wealthy especially since I don't get to have that kind of money. Must be nice though
Wealthy...or deeply in debt....Half of what people have isn't theirs. Chooks are coming home to roost. Except they are emu's. With the shits.
If that bloke is a fencing contractor, he'll be earning his money, have no fear about that . The vast majority of people have no idea what hard physical work is.
A Big TV it's only 500 dollars
@@ingyellow914 The blueberries are expensive. $3 a punnet. 4 kids 2 adults = $18 0_0 !!!
Have 4 kids and complain about not getting ahead? ummmm
Oops I didn't realize the TV, is huge, and curvy and 8k, how much money cost that? they put the money on the sinka, and they got a piano aswell
Fair dinkum
I am happy that all this wannabes go to bankrupt
New car, big house, studying and full time mum and just one man working in the business? How can anyone risk to build up everything on credit?
Bill Christian I could never understand why money management is not getting thought to the children in school? Especially in all multicultural society where half of them can’t learn it at home because their parents could not learn it either. I just heard a while back, that Australia has now also managed, to be a whole year in death? Imagine, we all have to work a whole year just in order to pay off all the credit costs? I would rather make interesting as a country! Are we really equally stupid in that like the Americans?
Australians are carbon copy of Americans in terms of lifestyle and consumerism and over spending.
@@amuxpatch2798 all except our government debt to gdp. In that respect we are 13 years behind. Time for our domestic version of the GFC next year.
@@SusanneWuthrich
Little Johnny Howard wanted to make australia into a little usa and that hasbeen achieved.
Luke BG Thank God for that, then we still have a chance to help labor calculate the damage of their own doing. Just when I think about how many small businesses changed hands because the rent is killing them. But who cares, so far we always found silly migrant dreamers who have money to blow!?
They are not feeling wealthy? They live in a huge house almost like a mansion and children were going to private school, give me a break!
Greed is a disease.
Thats an example of an incredibly well off family. This video is sure to piss off alot of people
This is the most uninformative article i have ever seen
Even suggesting its all in our head
State sanctioned economic propaganda.
Every time I hear an economist tell me debt is good I cringe at our lack of economic literacy.
The same disingenuous pricks like that Paul Clitheroe twat who time and time again states that we'd all be better off renting. I wonder how many homes HE has...
He makes money from heavily indebted people. Through interest.
Debt was good when you could buy a house for a reasonable price, live in it and guarantee that it would increase in value. However, those days are long gone.
@@sandponics These days you buy a house and it will drop in value as bricks start to crack. Even if you sell it with profit, the profit will be offset by the interest rate and council bills.
Um .... not sure AMP is the best choice of interviewee on the subject of Australian households feeling they aren't getting ahead financially. That's interviewing the fox to tell us how the chickens feel.
People will say they worry about Health & Education, yet they don’t prioritise them - it is part of our society that influences us that as soon as we get a break or a windfall, it’s off to the shops or treat ourselves because media says “we’ve earned it” or “we’re worth it”.
Australia is wealthiest country. People are already wealthy compared to most of the countries in the world. They complain they are still not getting ahead. What? Everyone wants to be a millionaire?? Cry babies. Aussies have become cry babies even if they are living in one of the wealthiest and technologically advanced countries in the world. Come and try living in 3rd world country. you will understand what means pain and suffering, hard-work etc. Aussies, how low can you go in complaining about lack of money when owning million dollar homes and secure and cushy office jobs with minimum wage of $15 dollar an hour...it is just ridiculous...
That is the typical example of sins of endless greed in money and desires.........STF
Australia is slipping behind.
@Jeremy Kirkpatrick you idiot , Australia was far more bogan in the 80s and 90s, when Australia was at its best. Know you sit to piss activists are turning it into Victoria 🤪
@Jeremy Kirkpatrick Yo. You can go back where you came from free country. You Foreigner. Hahaha... Go back. At least, we are humanized NOT KILLING. Ask your country ambassador for help to buy you a boat or flight ticket HOME. GET LOST ASAP AS YOU WISH.
Already has a long time ago just getting more noticeable.
Australians dont worry about heath and education.
they worry about making a new deck. watching the block. and painting a wall to flip a house 😂
So true. Most are oblivious to what is happening in their neighbouring states or remote towns. Foreigners come to Australia to teach Australians about what their country is like. But they shrug it off saying "You don't understand, you're not Australian."
Well, to each his/her own sh!t. I have zero sympathy for people who make poor decisions because they are proud of living in their own inflated bubble.
Hey...It's not Innovation Nation, but Renovation Nation.
It's simple really: match your life style to your income. Don't buy things you can't afford. Put money aside for the future. Buying things you can't afford won't make you happy.
"Don't buy things you can't afford." So are you saying that are person who works all day on minimum wage with children should only eat junk food and die at 50?
Move to nz. Experience real hardship.
Wow
Move to the UK and experience poverty.
Live in a third world country and fantasize about experiencing poverty in a developed nation.
This family complaining not having enough money and can't pay bills on time yet they have a curved TV? What does that say?
LOL
Priorities.
And not just any curved TV, looks 75 inches at least, blows my mind how irresponsible people can be and then cry they cannot pay bills on time. Start by selling the outrageous TV!!
Debt, debt , debt ... and central banks, that is the source of the problem
Yes you are spot on
Because 15 biggest companies 10 pay no tax, the rest 5 pay abou 2 percent. We pay 25 percent.
Feel so sad for this poor family what an unfortunate situation to be in.
Look at their living expenses dear Lord their debt is their own fault they don't need all these things 😱
This is ridculous why not show homeless youth couples struggling to cope with bills and living a poor water damaged home lifestyle or peeps living in cars to suffice what about those who really try hard but don't get work those that really were dedicated but the gov pushed then off and kept the hoarders!
This is nothing more than a photo shoot and acting!!!
We are living in one of the luckiest countries in the world at one of the best times in history.
Stop looking back at ‘the good times’.
I’m grateful for what I have, try to live within my means, work hard & have opportunities come my way and overall remember what is important in life.
If you want more then that , great but guess what - it requires hard work & grit.
It’s not meant to be easy.
Imagine claiming Aussies are wealthy based on inflated asset prices (personal home), while disregarding our private debt which is one of the highest in the OECD..
Condoms. An excellent investment. If you can't afford kids, abstain or buy condoms.
They are typical catholic family having large family in the 21century limited resources era.
Really Digital Finance Analysis DFA shows they are lieing to us all.
Water and power prices have doubled, wages have stagnated and for those of us who work weekends our wages have now been cut and will be cut further next year.
The government contracts spending and the economy slows down. Who would have thought.
These are the sort of segments on tv current affairs you get when all journalists and producers come from comfortable, private school educated, inner city backgrounds. Nice soothing middle class perspective on everything. Next time, think about interviewing a retail employee who’s working at a 7/11 or an aged care nurse working irregular casual shifts. You’ll see the other side then!
Lucky country. Australia..theyve just woke up..
@Jeremy Kirkpatrick true
Malcolm Canning hasn’t been the luck y country for about 25 years
@@Dancestar1981 UK land of no hope and glory bombing kids in sandy places
My house is worth 20 times what we paid for it 34 years ago. Yet our living standard has not increased one iota. It is still the same house, just more in need of repair.
The woman cites "The cost of living going up" for making life difficult. Then why have 4 kids!, that you have to feed, cloth, educate and support for at least 18 years each. Why not adjust to society by downsizing your wants rather than just assuming everything will somehow magically work itself out.
As if it's so easy to just look 15 years into the future and decide to not have kids. You can't just shove the kids back up your clacker when it gets too expensive you know. Seriously dude?
@@lunsmann I never said you should be able to see into the future. However, some people are just soo self-absorbed that they completely ignore the financial reality that kids present. For example, one study cites that to raise each child to age 17 it costs 297k,, Frankly, that's like me buying a supercar every year for 4 years then saying "buying the cars had nothing to do with my negative economic situation". it's a WANT not a NEED, just as private school is & now they can try to cut as much as they want, however at the end of the day the loan for the multiple Ferrari's is not going anywhere...
Not a fair argument to say why did you have four kids. You can’t really just put them back in. But they do have a big house, private/catholic schools and even a nice new looking work ute. That’s all stuff that can be put back to cut costs.
A lot of people even can't afford to buy a decent warm garment to wear in the chilling freezing cold weather in Melbourne. For me it is not very stout or strong but an obvious sign of poverty in my eyes.
Don’t know how half of Australians afford 1 kid let alone 4 of them
I blame the corrupt financial regulators, APRA, ASIC RBA and a gov't that is asleep on the job
Never been to Australia so cannot comment but the two guys I knew who went to Australia were two Irish , one electrician and one accountant . There were based for few years in the middle of nowhere working for mining companies and they made really big money especially that there was no money to be spent where they were and accommodations was subsidised by their company in a sort of compound.
No point working in Australia. Awesome place to live and great place for retirement, but bottomline is that too many taxes, levies, and unnecessary costs to ever get ahead. I work overseas and send all my money back to Australia, so I can set my investment portfolio right and not ever have to worry about the BS that goes on.
Support Quality Journalism haha... yep
No Name tax cuts but incentives for the people to spend more so the money circulates.
I personally think the government should re-address manufacturing in Australia. Perhaps look at government/state owned factories? The so called “wellfare” cheats or people basically to lazy too go to school/uni to learn a trade or profession should be placed into these manufacturing plants, be trained to manufacture and produce “Australian made” products. Its such a shame our manufacturing sector has lost its momentum. Asian countries respect and adore Aussie made products but ultimately there isn’t enough products exported. We are a “dot” amongst the world in terms of GDP but its appalling the government hasnt done more. We are rich in resources but with all the taxes and “tall poppy” syndrome it has made it so hard for medium to large businesses to do better on an international level. Time for a tax reform which will benefit Australia and its people. Meh....makes me so angry thinking about how much potential we have only to not use it and waste it all on twiddling thumbs and sooking..........
@@mr.h3603 this country one day most beefy manufactures will deplete from Australia. The most example is Holden, Ford and Toyota as you know. Then the country will turn into service focusing, And the sign of big fishes eat the tiny one is still on and never end. So as the valuable resource will be depleted one day somehow. We will see this country will fall into the poor country neighbors like as India or Uncle Sam one day. Let's bet.
Not dissimilar to Europe except that you get superannuation. Wish they had that here!
Having 4 kids is far too many for a start.
You can feel wealthy if you want to live with less.
Well also cost of living is sky rocketing yet wages have stagnated. Pollies keep giving themselves pay rises but keep making cuts to everyone else. These "experts" they're interviewing are so far up themselves they have no idea what it's like out there
We make our decisions and have to live with them. Expensive properties, big mortgage, 4 kids, new cars, smoking, drinking, going out, mobile phone bills, electricity etc etc etc. Its not earning money thats the problem its spending more than you earn. My first home had furniture that was given to wife and self by friends . Basic small, 2 bedroom and bathroom, kitchen, lounge. Did not take long to pay of the house. There are still cheaper homes with smaller mortgages and cheaper cars etc etc. If you want to get ahead need to cut back real hard. Having everything now will not necessarily give you financial gains for the future.
I’ll take your advice
Australia is heading down the same path as the US . except 10 years behind. The wealth on paper ( House prices and Super ) could deflate very quickly in a downturn... couple that with recent tax cuts especially for higher earners and our services.. healthcare, education and our social safety net, will almost certainly diminish.
Govt is cooking the books and their financial and media mates are covering up, debt is bigger than ever!
People create their own debt through stupidity
67, living in a tent on my age pension. I feel happy. Prepping for plan B
Jeremy Kirkpatrick hey thanks !!🤓😂
I bet our politicians don't have a problem with money
3:04 “Debt is good”. How moronic. If this is the opinion of our Economists then what chance to we have?
Big 2 story house (✓) , Mac Book Pro ( ✓) , Kids in private school ( ✓), kids that eat your money away ( ✓), living a comfortable life with food on the table ( ✓), rich family life ( ✓). Some Australians need a reality check on how they stack up globally. All Australians (rich and poor) are in the top 8%. This family probably in the top 4%. Congratulations fellow Aussies you're better off than than 94% of the world. So if you're feeling down, just remember it's remarkable luck to be born and raised Australian.
Not the best example for a struggling family tbh.
That being said, across the way Singapore with little land and natural resources is doing much better average family wise... probably because they have competent politicians.
This journalism was flawed in its approach and delivery of the issue it's trying to highlight
2019: What if there’s a recession?
2020: Allow me to introduce myself.
Sad to hear these retirees that should be living out the rest of their lives comfortably have to count every dollar. Hope things work out for all struggling families
Australians need to travel overseas more, they have no idea just how good they have it.
Actually the only thing in australia is good is income people LIVE much better overseas
The graph at 3:20 says it all - wages flatlined at precisely the same time K Rudd massively ramped up the immigration levels. So it's hardly surprising that wages haven't recovered when the labour market has been flooded with so many cheap foreign workers.
Yep nepalise are the chefs /all brown skins doing uber /deliveroo /chinese with coffee shops and other businesses -/thai restaurants paying theyre staff $12 an hour cash -this is australia -kalergi plan in effect - wait 30 years
Same situation in Canada and all around the world. The governments have so much debt they can never repay, so the only way to survive and not go bankrupt like Greece, they keep the rates low or negative, deflate their currency. Unfortunately, the people who did not take on debt and mortgages, are screwed for life. If you are a saver, the government screwed you forever.
Unless there will be a crash and a reset , things are not looking good.
That family depicted as "struggling" - what the frig? Huge expensive ass TV, multiple laptops laying around the house, not to mention the huge bloody house itself with high end appliances everywhere. GTFO u ain't poor.
First of all, these people are not poor. I'd say the first woman probably ingests more calories in a single meal than the average African does in a week. Also, Australia has the among the highest wages in the world. The minimum wage is between $19 and 23 an hour and you can buy a loaf of bread for one dollar and a kilo of bananas for 2 or 3. Health care is subsidised. Education is affordable. I came to Australia only 6 years ago with just $2,000 left to my name at the age of 45. Since then I've been working an average of only 25 hours a week as a language teacher, yet I can afford to rent a house, keep (and spoil) two dogs, feed both myself and my girlfriend who is a student and whose part-time job only covers her tuition fees, travel twice a year abroad, and put an extra 15K on my super before tax every year. How is that possible? Well, here are some secrets: I don't have a smartphone (my phone cost me 9 dollars and only 15 bucks a month) or cable TV, I own a 20-year-old car that works just as well as a newer one, I bought all my furniture second-hand (and it looks like new) and, most importantly, I don't make a child every other year. These people like to breed like rabbits then complain life is expensive. Wait another two or three decades until the world's population reaches 9 or 10 billion and you'll see how expensive things will be. As for the older couple, I bet if they sold that property and moved to another country they wouldn't have to grow tomatoes for a living. And anyway, they've probably been in Australia all their lives yet they are still struggling? What have they done all this time? I hate people who whine for no reason or blame others for their mistakes.
So it isn't house prices or electricity prices or exploitative employment? It's our own flawed expectations. Thanks for letting us know Aunt Clunies-Ross
No info in this program
good topic, please do more on Australian living please
Nice family. Honest and decent folk.
Yes they didnt show the chinese or lebanese family because it wouldn't be good for tv haha
We bought our first new furniture at 50 something, even our cutlery was second hand, let alone a new car and interest rates were 17,5% Now I hardly get a couple % for bank savings, while financial advisor, managers, a little tax and some bad financial crises, were depressing. But we never saw so many homeless people before and Centrelink became a robotic bully
thats great. Same with us we filled our house with good quality second hand furniture at fraction of new price
work place policies they need to be investigated. when everyone needs 2 to 3 jobs each something is up.
Problem is the price of goods goes up faster than the pay rises, 2%-3% phffffttt more tax bugger all in your pocket.
why would you be $10,000 out of pocket to get your hand fixed? I don't understand. Join the waiting list and get the public system to fix your hand for free. Nothing wrong with the public system. I think you have too much money lady.
Its because the vast majority of profit goes towards capatalist oligarchs, who then use that profit to buy our democratic systems. What is the average persons best course of action to rectify this?
Join your union
Ha... try 1 to 1.5% pay rise or none a year.
No-one should expect accurate, unbiased commentary from the ABC.
Go do a housing commission house in newcastle lol - but at least they're happy when they get a new pair of nike tns and some ice
The share market is NOT the same as the economy, and pointing to technological wealth misses the point, many studies find that wealth inequality is what increases stress and unhappiness not necessarily low wealth in general. The fact of the matter is wealth has been becoming more concentration across the globe including Australia, meaning that the few reap the benefits of the many.
No food at night, only yucky 7/11, no food in pubs, only alcohol. Then when you order food out it's as expensive as cooking at home and when you eat out the food sucks. It's fine if something is expensive if it's got quality but not if it sucks and doesn't make you happy.
I can’t relate to this. I’m certainly not rich, but I feel very comfortable, secure, content and happy. Maybe it’s got something to do with our 10 grandkids!
Taxes are too high which means you’re always 2 steps behind where you should be financially
I don’t mean to play Israel Folau’s advocate here, but..
“It is easier for a camel to pass through the eye of a needle, than it is for a rich man to enter the kingdom of heaven” - Matthew 19:24.
translation -
If you cannot find your heaven in a one room shack, then how do you expect to find it in a palace?
He is rich so I guess heaven isn't for him despite his preaching and hate speech disguised as love.
Nice house
Ahh I remember when I was growing some of my own food woking then the government wouldn't let drive a car such a shame
I couldn't find a livable income in Australia so I left :(
Australians will only have 1mil if they sell their houses and move to Thailand.. well done Australia!
Precisely, you sell and your only option is buying into that same market.
@@KillaDukeBadMan or move to the bush
what is wrong with that? offcourse it does not value 1 milion , because material costs more or less the same, and house in thailand is lets say 80K, real estate market is just ridiculess in first world. any man with 2 pair of hands can make those one floor bungalows in 3 month alone with 50K worth of material. so where does 950K go to? location? well air, sea and beaches have the same value in any corner of the world provided by God\ nature,if we exclude economy
@@goransosic5896
No the rest of the 950k goes to the bankers
Businesses need robust business plans lest they fall foul of income-outlay imbalances. If bills are piling up, perhaps consumption is stripping income’s ability to keep pace.
Stockmarket at all time high - yes, that is true, but it is only slightly higher than 2007. The stockmarket has gone nowhere in 14 years.
I am in the debt trap, gonna sell up and travel around Australia before I die
How many kids is enough? 1 or 2 makes a lot of sense to me. 4... well, be ready to be poor. ‘Being wealthy is the family unit’ he says, while there’s a 75 inch curved TV in the living room 😂😂🤑🤑 Meanwhile, they are unable to pay their bills on time... absolutely CRIMINAL.
This just confirms that when not if we have another recession it’s going to be a horror show.
Last night We went to the footy. We wanted to sit in a function room, wanted to go out for dinner after and get a room in town so that we could go to the casino and go out for breakfast in the morning. Instead we caught the train in, went to the game and went home. Maybe that’s why we have a few bucks in the bank.
That all sounded so weird, lockdown has become so normal here in the uk, we won't know what to do with ourselves when it's over.
We think about every dollar we spend, then rolls out in a flash new ride on lawnmower.. gtfoh ha!
So many things in this video made me sigh deeply smh
It is not just Australians who feel that way. Canadians, do to. And possibly all over the world. Ppl are earning more but, ppl also have become become very materialistic. Furthermore, the world is is over-populated. It looks like we need to go back to the basics.
Their house and furnishings are absurd. No sympathy for those trying to keep up with the Joneses.
Whining..huge house 4 kids only 1 working adult yet it’s still not enough.
$10,000 out of pocket for hand surgery. Those are the kind of things you don't realize can pop up on top of trying to pay the mortgage and keep your head above water.
Must be very hard for one worker like the fencing guy to support himself and 5 other people and the house. Seriously that seems like a mission impossible unless you’re earning huge money.
You can see the stress on his face, he is headed for a nervous breakdown, he is the breadwinner, he knows if he hurts himself at work, then this illusion of having it all is going to be around his ankles, she will blame him for everything for not working hard enough to keep her in a comfortable lifestyle then bad mouth him to everyone that listens, while telling everyone she held the household together, she will up sticks leaving taking the kids, he'll get burdened with child maintenance, while on workers comp, the big house turns into caravan park, with $19 cell phone, the 4x4 will turn into a Toyota station wagon, then into catching the bus, no more huge steak meals, it will be curry and rice 3 nights a week, he will be able to buy a beer or a box of wine, his mates will disappear and his now ex will latch onto one of his builder mates, and when she calls around to drop the kids off for the weekend to do the McDs Sunday father thing, she will tell him how well Bob is doing and they are off to Bali next month, only trouble is Bob is in the same boat as this guy with her and knows it and is trying to figure out a way to get rid of this money sucking woman off him. How do I know this, because this is what happened to me, my wife refused to work, bringing up the kids, I didn't have the manballs to chew her arse out and tell her that we are living on credit, I got hurt at work, she still refused to go out and get a job, we split and the rest is history, however it did teach me alot, Never have a credit card, never take out personal loans, I got a job ok minimum wage still a job, I now live within my means, have no wife, and after 7 years single I have saved $51000 in my bank account, I live in Tassie, also grow my own vege, and just live the simple life and that folks is what alot of people have forgotten how to do or get back to doing.
@@thebeerhunter7307 its true but get your cash out the bank get gold silver
"The australians have never had it so good. A booming share market hitting record highs, low interest rates keeping mortgage repayments down" - WHAT A LOAD OF SHITE. Australia has almost unlimited land and one of the highest property prices in the world. Hence mortgage repayments are not down or low. They are through the roof.
People talk about being Wealthy in this video, you just can’t get wealthy from working a 9-5 job except your CEO position pays really good money 💰
$100,000 or $200,000 combined salary can’t get you wealthy except you start doing what wealthy people do.
There is a clear difference between wealth and middle class.
Low intetest rates is a sign of a shitty pathetic economy.
They are not a typical family. Four kids ,one income
The Sadler's are wealthy in some ways not immediately obvious. They look healthy and have a great, simple lifestyle that many would aspire to. Nice ppl
Eight his next recession.... so many people will get wiped out and it will be sad to see people like this old couple as if they are banking on the stock market keeping it will be a huge shock but at least they are aware of it and they should adjust when it happens.
Inflation is much higher than what's stated. Energy and food is not included in the equation for calculating inflation which is wrong since we are getting gouged each time we buy food and use electricity.
Supermarket food has hardly gone up since Aldi arrived especially in real terms and energy will eventually revert to mean.
@@ericbennik2071 if the price of food doesn't go up, the manufacturer decreases the size of the product (Smiths Chips, chocolate bars etc.). And as for energy costs, you haven't noticed the price going up? The principles of the capitalist system of competition between suppliers will drive prices down is a falacy; especially in regards to fuel suppliers. There have been numerous ACCC investigations into fixed prices between suppliers.
@@benkeller6027 sure food goes up but over the very long term slower that wages.Ive been watching food prices since 1965.
As for petrol I've noticed a lot of competition in my area and if you do the calculations sometimes the retailers and distributors can't be making any money.
They are all wealthy they have their own home! Younger generations won’t get that
"Wages have Not risen much since the 2008 GFC...but the cost of living has (*EVERYTHING)...We can't work out this Mystery?" Economists