4 ms·
Yes, that's the accurate horror of the situation here in Australia! Even a slight economic advantage is being multiplied if you take advantage of housing and s
by firecall 5y ago
Yes, that's the accurate horror of the situation here in Australia!
Even a slight economic advantage is being multiplied if you take advantage of housing and stock markets.
Just having comparable incomes and earning power is no longer enough to give you economic parity with your friends and neighbours. Which is not a good for overall social harmony :-/
Wage stagnation has meant that if you don't have real estate, investments and additional contributions into your super you are going to be in an entirely different wealth class to your peers once you hit your 50s and 60s.
This may not be a fun ride for many over the next 20 years...