Why so many Australians feel they're not getting ahead financially | 7.30

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  • เผยแพร่เมื่อ 31 ก.ค. 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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ความคิดเห็น • 461

  • @whartanto2
    @whartanto2 5 ปีที่แล้ว +328

    4 kids in private school on single parent's income and they found life expensive? er...

    • @Dancestar1981
      @Dancestar1981 5 ปีที่แล้ว +6

      Edward Snowden whatever what about those who live below the poverty line pensions and the like

    • @aussie8114
      @aussie8114 5 ปีที่แล้ว +13

      They’re in catholic schools. Not proper private schools.

    • @user-jt3dm4mo7i
      @user-jt3dm4mo7i 5 ปีที่แล้ว +8

      @@aussie8114 Public schools free. Some Catholic schools are private I thought.

    • @aussie8114
      @aussie8114 5 ปีที่แล้ว +5

      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.

    • @dontlookatmyusername
      @dontlookatmyusername 5 ปีที่แล้ว +4

      And a 'Fencers' income at that...

  • @user-jt3dm4mo7i
    @user-jt3dm4mo7i 5 ปีที่แล้ว +108

    Swap the $3 million dollar house for a $600k house and send their kids to public schools! Problem solved.

    • @Fluid36
      @Fluid36 5 ปีที่แล้ว +7

      Houses don't cost 3 mill in falafel land

    • @windwaker0rules
      @windwaker0rules 4 ปีที่แล้ว

      @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?

    • @windwaker0rules
      @windwaker0rules 4 ปีที่แล้ว

      @pjdsa well you didn't answer my question

    • @windwaker0rules
      @windwaker0rules 4 ปีที่แล้ว

      @pjdsa you answered none of them

    • @yoleeisbored
      @yoleeisbored 3 ปีที่แล้ว

      how's the public school system in Australia? im from US and doesnt Australia have excellent public schools?

  • @littlewormtony7218
    @littlewormtony7218 5 ปีที่แล้ว +137

    They really could have found a better example for a struggling family haha. Not all that sympathetic.

    • @grlmgor
      @grlmgor 5 ปีที่แล้ว +11

      Marble bench top, Pool table, Piano and a New curved TV all on a single income while raising 4 kids.

    • @craigharrison6662
      @craigharrison6662 5 ปีที่แล้ว +6

      All by design, ABC welfare bludgers have to justify their existence by pushing lnp propaganda

    • @chriswatson1698
      @chriswatson1698 4 ปีที่แล้ว +4

      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.

  • @SirPsycho00
    @SirPsycho00 5 ปีที่แล้ว +69

    After school snacks include blueberries and magnum ice-creams!? Cha Ching

  • @JogBird
    @JogBird 5 ปีที่แล้ว +126

    Their house is friggin massive ffs

    • @richardminhle
      @richardminhle 5 ปีที่แล้ว +7

      The rates, insurance and upkeep must keep them up at night. Let alone the interest payment.

    • @RK-ve4xp
      @RK-ve4xp 5 ปีที่แล้ว +22

      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...

    • @adamknight5089
      @adamknight5089 5 ปีที่แล้ว +2

      @@RK-ve4xp My thoughts exactly

    • @froggy0162
      @froggy0162 5 ปีที่แล้ว +8

      Try having less kids...

    • @peteush6928
      @peteush6928 5 ปีที่แล้ว

      rickie G 👍

  • @MartinOlminkhof
    @MartinOlminkhof 5 ปีที่แล้ว +70

    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.

    • @j.kapiris
      @j.kapiris 5 ปีที่แล้ว

      Martin Olminkhof lol. Funny.

    • @craigharrison6662
      @craigharrison6662 5 ปีที่แล้ว +4

      Stock market is an indicator of how much the elite are thieving of everyone else

    • @cezrok1
      @cezrok1 5 ปีที่แล้ว +5

      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

    • @maxrockatanksyOG
      @maxrockatanksyOG 5 ปีที่แล้ว +2

      Yep; state sponsored propaganda video

    • @ambrite
      @ambrite 4 ปีที่แล้ว +1

      Exactly. "But the sharemarket is strong and interest rates are low!" Younger adults don't have mortgages, shares, or significant savings.

  • @darkhorseman8263
    @darkhorseman8263 5 ปีที่แล้ว +33

    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.

    • @someones5551
      @someones5551 5 ปีที่แล้ว +1

      How does 'Neo-liberalism' as you put it 'stripmine' country assets and offshore wealth?

    • @serinadelmar6012
      @serinadelmar6012 5 ปีที่แล้ว +1

      Someone s it doesn’t. Fairly sure he just wanted to slip his political opinion in there…

    • @Fluid36
      @Fluid36 5 ปีที่แล้ว

      100% correct bro

    • @Fluid36
      @Fluid36 5 ปีที่แล้ว

      @@someones5551 Maybe you should educate yourself instead of asking simple questions on youtube.

    • @Fluid36
      @Fluid36 5 ปีที่แล้ว

      @@serinadelmar6012 You are fairly incorrect

  • @SusanneWuthrich
    @SusanneWuthrich 5 ปีที่แล้ว +22

    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?

    • @SusanneWuthrich
      @SusanneWuthrich 5 ปีที่แล้ว +1

      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?

    • @amuxpatch2798
      @amuxpatch2798 5 ปีที่แล้ว +2

      Australians are carbon copy of Americans in terms of lifestyle and consumerism and over spending.

    • @nimblep4531
      @nimblep4531 5 ปีที่แล้ว

      @@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.

    • @coasteyscoasteys
      @coasteyscoasteys 5 ปีที่แล้ว

      @@SusanneWuthrich
      Little Johnny Howard wanted to make australia into a little usa and that hasbeen achieved.

    • @SusanneWuthrich
      @SusanneWuthrich 5 ปีที่แล้ว +1

      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!?

  • @divergentthg7925
    @divergentthg7925 5 ปีที่แล้ว +56

    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

    • @rowbearly6128
      @rowbearly6128 5 ปีที่แล้ว +10

      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.

    • @jonh9561
      @jonh9561 5 ปีที่แล้ว +3

      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.

    • @ingyellow914
      @ingyellow914 5 ปีที่แล้ว

      A Big TV it's only 500 dollars

    • @user-jt3dm4mo7i
      @user-jt3dm4mo7i 5 ปีที่แล้ว +4

      @@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

    • @ingyellow914
      @ingyellow914 5 ปีที่แล้ว

      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

  • @monsieurfortuna9952
    @monsieurfortuna9952 5 ปีที่แล้ว +36

    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!

    • @MTD4dz
      @MTD4dz 5 ปีที่แล้ว +4

      Greed is a disease.

  • @RK-ve4xp
    @RK-ve4xp 5 ปีที่แล้ว +9

    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...

    • @arrowb3408
      @arrowb3408 5 ปีที่แล้ว

      That is the typical example of sins of endless greed in money and desires.........STF

  • @HappinessOrDeath
    @HappinessOrDeath 4 ปีที่แล้ว +6

    Thats an example of an incredibly well off family. This video is sure to piss off alot of people

  • @daafrsn7651
    @daafrsn7651 5 ปีที่แล้ว +11

    This is the most uninformative article i have ever seen
    Even suggesting its all in our head

    • @TCFan30
      @TCFan30 4 ปีที่แล้ว

      State sanctioned economic propaganda.

  • @nimblep4531
    @nimblep4531 5 ปีที่แล้ว +12

    Every time I hear an economist tell me debt is good I cringe at our lack of economic literacy.

    • @zybch
      @zybch 5 ปีที่แล้ว

      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...

    • @mattmattsito
      @mattmattsito 5 ปีที่แล้ว

      He makes money from heavily indebted people. Through interest.

    • @sandponics
      @sandponics 5 ปีที่แล้ว

      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.

    • @mattmattsito
      @mattmattsito 5 ปีที่แล้ว

      @@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.

  • @joebloggs2077
    @joebloggs2077 5 ปีที่แล้ว +20

    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”.

  • @ClanRodgers
    @ClanRodgers 5 ปีที่แล้ว +7

    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.

  • @martenlee501
    @martenlee501 5 ปีที่แล้ว +7

    This family complaining not having enough money and can't pay bills on time yet they have a curved TV? What does that say?

    • @RK-ve4xp
      @RK-ve4xp 5 ปีที่แล้ว +2

      LOL

    • @grlmgor
      @grlmgor 5 ปีที่แล้ว

      Priorities.

    • @chiquicat1
      @chiquicat1 4 ปีที่แล้ว

      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!!

  • @mortenbrodersen8664
    @mortenbrodersen8664 4 ปีที่แล้ว +5

    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.

    • @windwaker0rules
      @windwaker0rules 4 ปีที่แล้ว +2

      "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?

  • @falakoala4579
    @falakoala4579 5 ปีที่แล้ว +21

    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 😂

    • @nachannachle2706
      @nachannachle2706 5 ปีที่แล้ว

      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.

    • @TCFan30
      @TCFan30 4 ปีที่แล้ว

      Hey...It's not Innovation Nation, but Renovation Nation.

  • @nikitajouchims9584
    @nikitajouchims9584 5 ปีที่แล้ว +16

    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!!!

  • @cutelf2006
    @cutelf2006 5 ปีที่แล้ว +3

    Because 15 biggest companies 10 pay no tax, the rest 5 pay abou 2 percent. We pay 25 percent.

  • @stevemolloy2747
    @stevemolloy2747 5 ปีที่แล้ว +6

    Australia is slipping behind.

    • @seaworldsocialartslecturer4160
      @seaworldsocialartslecturer4160 5 ปีที่แล้ว

      @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 🤪

    • @arrowb3408
      @arrowb3408 5 ปีที่แล้ว

      ​@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.

    • @totalrecall8385
      @totalrecall8385 5 ปีที่แล้ว

      Already has a long time ago just getting more noticeable.

  • @sledge6693
    @sledge6693 5 ปีที่แล้ว +10

    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.

    • @lunsmann
      @lunsmann 5 ปีที่แล้ว +1

      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?

    • @sledge6693
      @sledge6693 5 ปีที่แล้ว +3

      @@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...

    • @rhysherbert8569
      @rhysherbert8569 5 ปีที่แล้ว +2

      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.

    • @arrowb3408
      @arrowb3408 5 ปีที่แล้ว +1

      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.

    • @xkimopye
      @xkimopye 5 ปีที่แล้ว +2

      Don’t know how half of Australians afford 1 kid let alone 4 of them

  • @jackau08
    @jackau08 5 ปีที่แล้ว +3

    Debt, debt , debt ... and central banks, that is the source of the problem

    • @cezrok1
      @cezrok1 5 ปีที่แล้ว

      Yes you are spot on

  • @Manolara1
    @Manolara1 5 ปีที่แล้ว +2

    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..

  • @mikedunn5029
    @mikedunn5029 5 ปีที่แล้ว +14

    Move to nz. Experience real hardship.

    • @jonimaar__2023
      @jonimaar__2023 5 ปีที่แล้ว

      Wow

    • @sandponics
      @sandponics 5 ปีที่แล้ว

      Move to the UK and experience poverty.

    • @TCFan30
      @TCFan30 4 ปีที่แล้ว

      Live in a third world country and fantasize about experiencing poverty in a developed nation.

  • @ljp1942
    @ljp1942 5 ปีที่แล้ว +4

    Feel so sad for this poor family what an unfortunate situation to be in.

  • @mleolahi80
    @mleolahi80 5 ปีที่แล้ว +4

    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.

  • @realitybites4144
    @realitybites4144 5 ปีที่แล้ว +5

    Condoms. An excellent investment. If you can't afford kids, abstain or buy condoms.

    • @amuxpatch2798
      @amuxpatch2798 5 ปีที่แล้ว +1

      They are typical catholic family having large family in the 21century limited resources era.

  • @Diode5
    @Diode5 5 ปีที่แล้ว +2

    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.

  • @peterhill8398
    @peterhill8398 3 ปีที่แล้ว +1

    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!

  • @jamesgray7301
    @jamesgray7301 4 ปีที่แล้ว +2

    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.

  • @chrisjohnson6876
    @chrisjohnson6876 5 ปีที่แล้ว +2

    I blame the corrupt financial regulators, APRA, ASIC RBA and a gov't that is asleep on the job

  • @chuxxsss
    @chuxxsss 5 ปีที่แล้ว +3

    Really Digital Finance Analysis DFA shows they are lieing to us all.

  • @chriswatson1698
    @chriswatson1698 4 ปีที่แล้ว

    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.

  • @jaxamillian1
    @jaxamillian1 5 ปีที่แล้ว +2

    Australians need to travel overseas more, they have no idea just how good they have it.

    • @cezrok1
      @cezrok1 5 ปีที่แล้ว

      Actually the only thing in australia is good is income people LIVE much better overseas

  • @brettwilkinson9529
    @brettwilkinson9529 4 ปีที่แล้ว +1

    Having 4 kids is far too many for a start.

  • @pianocrisante90
    @pianocrisante90 3 ปีที่แล้ว +2

    You can feel wealthy if you want to live with less.

  • @denisstanley6546
    @denisstanley6546 5 ปีที่แล้ว +1

    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.

    • @Melly16yr10
      @Melly16yr10 3 ปีที่แล้ว +1

      I’ll take your advice

  • @3bertface01
    @3bertface01 5 ปีที่แล้ว +1

    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.

  • @mr.h3603
    @mr.h3603 5 ปีที่แล้ว +10

    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.

    • @mr.h3603
      @mr.h3603 5 ปีที่แล้ว +2

      Support Quality Journalism haha... yep

    • @mr.h3603
      @mr.h3603 5 ปีที่แล้ว +2

      No Name tax cuts but incentives for the people to spend more so the money circulates.

    • @mr.h3603
      @mr.h3603 5 ปีที่แล้ว +3

      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..........

    • @arrowb3408
      @arrowb3408 5 ปีที่แล้ว

      @@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.

    • @serinadelmar6012
      @serinadelmar6012 5 ปีที่แล้ว

      Not dissimilar to Europe except that you get superannuation. Wish they had that here!

  • @mattwood8659
    @mattwood8659 5 ปีที่แล้ว +1

    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

  • @SallyGreenaway
    @SallyGreenaway 3 ปีที่แล้ว +1

    This journalism was flawed in its approach and delivery of the issue it's trying to highlight

  • @Romerosays
    @Romerosays 5 ปีที่แล้ว +1

    I bet our politicians don't have a problem with money

  • @darrenjames2273
    @darrenjames2273 5 ปีที่แล้ว +1

    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.

  • @victoriacorcoran1258
    @victoriacorcoran1258 5 ปีที่แล้ว

    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.

  • @scotthendricks5665
    @scotthendricks5665 5 ปีที่แล้ว +3

    The government contracts spending and the economy slows down. Who would have thought.

  • @gore1089
    @gore1089 5 ปีที่แล้ว +1

    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.

  • @oanairani41
    @oanairani41 5 ปีที่แล้ว +1

    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.

  • @tact1820
    @tact1820 5 ปีที่แล้ว +1

    3:04 “Debt is good”. How moronic. If this is the opinion of our Economists then what chance to we have?

  • @craigharrison6662
    @craigharrison6662 5 ปีที่แล้ว +2

    Govt is cooking the books and their financial and media mates are covering up, debt is bigger than ever!

    • @darrylstem6426
      @darrylstem6426 5 ปีที่แล้ว

      People create their own debt through stupidity

  • @magicmike6463
    @magicmike6463 5 ปีที่แล้ว +2

    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.

    • @cezrok1
      @cezrok1 5 ปีที่แล้ว +1

      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

  • @rickylovesyou
    @rickylovesyou 5 ปีที่แล้ว +2

    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.

  • @MrAlexRadic
    @MrAlexRadic 4 ปีที่แล้ว +1

    work place policies they need to be investigated. when everyone needs 2 to 3 jobs each something is up.

  • @amarvenkat9218
    @amarvenkat9218 2 ปีที่แล้ว

    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.

  • @PSadvance
    @PSadvance 5 ปีที่แล้ว +2

    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?

  • @andrewjgrimm
    @andrewjgrimm ปีที่แล้ว

    2019: What if there’s a recession?
    2020: Allow me to introduce myself.

  • @brom18711
    @brom18711 5 ปีที่แล้ว +7

    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?

    • @rocko9451
      @rocko9451 4 ปีที่แล้ว

      He is rich so I guess heaven isn't for him despite his preaching and hate speech disguised as love.

  • @michaeldavis9357
    @michaeldavis9357 4 ปีที่แล้ว

    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

  • @hanbulban3131
    @hanbulban3131 4 ปีที่แล้ว

    Taxes are too high which means you’re always 2 steps behind where you should be financially

  • @kingk2405
    @kingk2405 3 ปีที่แล้ว

    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.

  • @malcolmcanning548
    @malcolmcanning548 5 ปีที่แล้ว +4

    Lucky country. Australia..theyve just woke up..

    • @malcolmcanning548
      @malcolmcanning548 5 ปีที่แล้ว

      @Jeremy Kirkpatrick true

    • @Dancestar1981
      @Dancestar1981 5 ปีที่แล้ว

      Malcolm Canning hasn’t been the luck y country for about 25 years

    • @malcolmcanning548
      @malcolmcanning548 5 ปีที่แล้ว

      @@Dancestar1981 UK land of no hope and glory bombing kids in sandy places

  • @gentilebeliever2249
    @gentilebeliever2249 5 ปีที่แล้ว +9

    67, living in a tent on my age pension. I feel happy. Prepping for plan B

  • @justinbiever9165
    @justinbiever9165 4 ปีที่แล้ว

    "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.

  • @gdaymates431
    @gdaymates431 4 ปีที่แล้ว +1

    I can't believe people still have so many kids. Wake up people. Look around you, what future are your kids going to have with the way the climate is going? The massive amounts of inequality? You're either incredibly optimistic or out of touch. Also no one needs a house that big! I have no sympathy for people who live way beyond their means.

  • @chriswatson1698
    @chriswatson1698 4 ปีที่แล้ว

    Household disposable income hasn't recovered since the global financial crisis because of our huge population increase, most of which is immigration. The average permanent immigration rate from 1950 to 2000, was 70,000 per year. This government has been bringing in twice or three times that many every year, and temporary immigrants on top of that. That is why household disposable income has flatlined.
    Migrants don't increase the prices that our mineral and agricultural exports receive on world markets. But the revenues that our governments get from those exports has to be spread over more people - less per capita. Migrants are creating a need for more infrastructure that we all have to pay for, not just the newcomers that are making it necessary.

  • @May-zl8bf
    @May-zl8bf 5 ปีที่แล้ว +1

    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

  • @Iworkwithnitwits
    @Iworkwithnitwits 2 ปีที่แล้ว

    $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.

  • @dont_listen_to_Albo
    @dont_listen_to_Albo 3 ปีที่แล้ว

    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.

  • @jaaksavat7916
    @jaaksavat7916 5 ปีที่แล้ว +1

    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

    • @chrisj6321
      @chrisj6321 3 ปีที่แล้ว

      thats great. Same with us we filled our house with good quality second hand furniture at fraction of new price

  • @joedef6840
    @joedef6840 4 ปีที่แล้ว +3

    Just compare yourself to African people then you will certainly feel blessed and wealthy.

  • @kenfunk2391
    @kenfunk2391 4 ปีที่แล้ว

    Their house and furnishings are absurd. No sympathy for those trying to keep up with the Joneses.

  • @allandyson3329
    @allandyson3329 5 ปีที่แล้ว

    Problem is the price of goods goes up faster than the pay rises, 2%-3% phffffttt more tax bugger all in your pocket.

  • @PeterPan-qb3tb
    @PeterPan-qb3tb 5 ปีที่แล้ว +1

    Whining..huge house 4 kids only 1 working adult yet it’s still not enough.

  • @monkeyfacesenior
    @monkeyfacesenior 5 ปีที่แล้ว +3

    Australians will only have 1mil if they sell their houses and move to Thailand.. well done Australia!

    • @KillaDukeBadMan
      @KillaDukeBadMan 5 ปีที่แล้ว +1

      Precisely, you sell and your only option is buying into that same market.

    • @davidoneill2983
      @davidoneill2983 5 ปีที่แล้ว +1

      @@KillaDukeBadMan or move to the bush

    • @goransosic5896
      @goransosic5896 5 ปีที่แล้ว +1

      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

    • @coasteyscoasteys
      @coasteyscoasteys 5 ปีที่แล้ว

      @@goransosic5896
      No the rest of the 950k goes to the bankers

  • @Handbagqueen23
    @Handbagqueen23 3 ปีที่แล้ว +1

    They are all wealthy they have their own home! Younger generations won’t get that

  • @chiquicat1
    @chiquicat1 4 ปีที่แล้ว +1

    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.

  • @vickidianacoghlan8946
    @vickidianacoghlan8946 5 ปีที่แล้ว

    Low intetest rates is a sign of a shitty pathetic economy.

  • @hamishdavidson3368
    @hamishdavidson3368 5 ปีที่แล้ว +4

    High taxes High House prices poorly paid jobs. The economy needs stimulus. Need to encourage business and manufacturing growth. Make electricity really cheap for businesses. There is no reason why we pay high power costs and we have all these resources.

  • @christopherburnham1612
    @christopherburnham1612 5 ปีที่แล้ว +1

    I am in the debt trap, gonna sell up and travel around Australia before I die

  • @eamonglavin2532
    @eamonglavin2532 ปีที่แล้ว

    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.

  • @JMichael2x2
    @JMichael2x2 4 ปีที่แล้ว

    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!

  • @jedics1
    @jedics1 3 ปีที่แล้ว +1

    What a pointless segment, talking about how Australians are struggling and using a family that really isn't as an example...Who ever developed this is VERY out of touch with those struggling.

  • @nitroplus5630
    @nitroplus5630 5 ปีที่แล้ว +1

    I couldn't find a livable income in Australia so I left :(

  • @benb3500
    @benb3500 4 ปีที่แล้ว +1

    I don't know why i watch these things, people living luxury lives in beautiful homes with kids and flash furniture the works, complaining about not being wealthy. Saddens me also that this is what some Australians have become.

  • @philleach6271
    @philleach6271 4 ปีที่แล้ว

    This just confirms that when not if we have another recession it’s going to be a horror show.

  • @patrickpittorino7032
    @patrickpittorino7032 3 ปีที่แล้ว +1

    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.

    • @r.brooks5287
      @r.brooks5287 3 ปีที่แล้ว

      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.

  • @maxshiraz3447
    @maxshiraz3447 5 ปีที่แล้ว

    No-one should expect accurate, unbiased commentary from the ABC.

  • @CMgraffix
    @CMgraffix 5 ปีที่แล้ว

    good topic, please do more on Australian living please

  • @anthonyscully2998
    @anthonyscully2998 3 ปีที่แล้ว

    They are not a typical family. Four kids ,one income

  • @antsaquaponics
    @antsaquaponics 5 ปีที่แล้ว +2

    Ha... try 1 to 1.5% pay rise or none a year.

  • @danbruton126
    @danbruton126 4 ปีที่แล้ว

    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

  • @emmanuelufot4947
    @emmanuelufot4947 4 ปีที่แล้ว

    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.

  • @landlord5552
    @landlord5552 4 ปีที่แล้ว

    No info in this program

  • @cynthiaarons9373
    @cynthiaarons9373 4 ปีที่แล้ว

    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.

  • @VBHB83
    @VBHB83 4 ปีที่แล้ว

    4 kids, dog, big house, mum 'studying' and Dad owning a business..... what am I missing here?

  • @sinnahj
    @sinnahj 5 ปีที่แล้ว +1

    We think about every dollar we spend, then rolls out in a flash new ride on lawnmower.. gtfoh ha!

  • @jakemarskorea
    @jakemarskorea 5 ปีที่แล้ว +1

    Nice family. Honest and decent folk.

    • @cezrok1
      @cezrok1 5 ปีที่แล้ว

      Yes they didnt show the chinese or lebanese family because it wouldn't be good for tv haha

  • @SamMcinturff
    @SamMcinturff 5 ปีที่แล้ว

    There's no such thing as 'the cost of living'. It's just how much you have decided you're going to spend. You could make a different decision about that, if you wanted to.

  • @kieronbilton5595
    @kieronbilton5595 4 ปีที่แล้ว

    Its not been a lucky country since excess immigration has diluted Australians Income