3 ms·
The cost of healthcare and college basically scared me away from migrating to the US. It's a definite trade off but here in Australia, having paid off my house
by zmmmmm 16y ago
The cost of healthcare and college basically scared me away from migrating to the US. It's a definite trade off but here in Australia, having paid off my house, I can live almost free of overheads. It is incredibly liberating to get up in the morning and know I can go to work on my own business without worrying that some freak accident or illness will destroy me financially.
On the other hand, I do think that the lack of these other costs is one reason that we have some of the highest house prices in the world. When you take away these other costs people just devote their disposable income elsewhere. Even so, I think it's better used that way than paying executives in health insurance companies.