According to this survey:
https://www.wemoney.com.au/financial-wellness-survey
Maybe I'm just in privileged position but l I find this very hard to believe. Is it really that bad out there where people are not able to save much?
48.4% of Australians Live Paycheck to Paycheck
mrvaluepack on 11/01/2024 - 11:01
Comments
yeah - but it doesnt take a genius to see it aint lookin good overall for many.
@jv: What do you mean by this? All PMs have the same power dont they? Why was albo's powers different?
they don't have any executive power.
How do you know that jv?
I have it on good authority that Scummo is still secretly Minister of Defence, Minister of Education, Foreign Minister and Minister for Sinister behaviour.
@cashless: "After details investigation into this Morrison's secret ministries fiasco, it is confirmed that Morrison has done nothing wrong" -Governor-General Scott Morrison
@jv: Do you think all the issues with the economy resulted from decisions made since 2022 (when Albo came to power)? Interesting view on how the world works.
Do you think all the issues with the economy resulted from decisions made since 2022
I'm talking about his poor decisions or lack of decisions to address the economic situation.
@jv: I didn't realise we lived in a dictatorship where one person has the power to make every single decision themselves.
@illusion99: We live in a constitutional monarchy where the prime minister is accountable for his party's decisions.
@jv: Economy is also dependent on decisions by businesses and reserve bank which politicians do not and should not have control of
Just curious what economic policies do you think would have helped?
I'm not the prime minister, so that is irrelevant.
@jv: Right. So you are saying life is bad but I dont know what you did or didn’t do to make it bad but it is your fault anyway
@jv: Again goes back to my previous comment you don’t know what he did or didn’t do to make things bad - you just want someone to blame
you don’t know what he did or didn’t do to make things bad
He did nothing to reduce inflation.
@jv: What do you suggest he should have done? Or again are you saying you don’t know and it’s just bad because of him
What do you suggest he should have done?
Implement policies to reduce the rate of inflation increases.
@jv: What would these policies look like? Or you don’t know and he should just done something to make it better?
What do you suggest he should have done?
That is something the prime minister and treasurer should know.
Maybe they need to go back to school ???
It’s like talking to a 5th grader
I know… Listening to Albo is like he never even finished high school…
@jv: Should listen to Dutton and boycott Woolies and send them broke. That will help the economy when a major employer goes bust
Should listen to Dutton and boycott Woolies and send them broke.
I'm already boycotting Woolies until after Australia day.
Why would I listen to Dutton though?
Like woolies will notice the drop in their sales.
I never said they would.
I just said I won't shop there until after Australia Day.
@jv: To make yourself feel better? Why would you do it otherwise if nobody else cares or notices and has zero impact to anyone except yourself
To make yourself feel better?
No, because I don't like virtue signalling and I want to keep Australia Day.
because I don't like virtue signalling
So you'll boycott a store for 2 weeks over not selling mechandise/tat you weren't going to buy anyway, tell everyone you're doing so, and then return to shopping there afterwards.
Got it… Continue that 'definitely not virtue signalling' thing you have going on there :)
I'm not a fan of the Libs selling out our public utilities.
Privatisation was started by Labor.
@jv: For instance, superannuation is privatization of government pensions. Once everyone got the same pension. Now rich people retire rich and are constantly going on around the world holidays, whereas the proletariat retires poor and have just enough to subsist on.
No-one has hurt the poor in Australia as much as the ALP have. Do some research into the term "bourgeoise democracy", democracy where all of the political parties only care about helping the rich get richer.
Now rich people retire rich
They don't get a public pension. It's their own money.
Dan Andrews and Albo are certainly not short of a quid in retirement.
How much is Dan getting right now? And he's only 51, not 67 like the rest of us…
@jv: And still one of thier core values
"Government exists to set up infrastructure and then sell to private enterprise to run it"
@jv: Can control the impact of the pandemic and global inflation can he? Same lazy nonsense the LNP come out with because they have no actual positive ideas themselves.
Can control the impact of the pandemic and global inflation can he?
They are only two of the factors… He has other economic levers.
@jv: Quite significant factors beyond his control though don't you think?
Most of these 'economic levers' you mention would worsen the inflation problem. Come on then, what should he be doing?
Quite significant factors beyond his control though don't you think?
They're not the most significant factors causing inflation in Australia.
@jv: Geez I've underestimated old mate Albo, looks like he single handedly started the pandemic, the war in Ukraine AND Israel
@jv: No, the treasurer is responsible, albo is accountable. And guess what? We moved from 2nd last to 12th in the oecd rankings.
Unfortunately JV regurgitates the rhetoric spewed out by nine Fairfax and the Murdoch press. It takes time to fix a mess this large, but if JV is unhappy,maybe we should have a royal comission into it. I mean,he's known for his level headed approach in literally every situation…
@jv: I hope you are being glib. Because there is rarely a situation where only 1 party is solely responsible for a nations current economic status. It might be true in a dictatorship.
where only 1 party is solely responsible for a nations current economic status.
Only 1 party can do anything about it at any time…
This one is not doing enough, or doing the wrong things…
Jetsetting around the world and accumulating frequent flyer points is not helping much.
@jv: All you have is trotting out the same lines the Murdoch press does.
He's travelled no more than previous PMs such as Abbott and Morrison, although at least its official stuff and things like improving the damaged relationship with China. As opposed to drinking cocktails while on holiday while Australia burns and saying "I don't hold a hose mate".
Not doing enough, or doing the wrong things. So I ask again, what do you suggest?
@jv: His views also dominate much of commercial television. Tracked Albo's air miles yourself without their assistance did you?
Still not a single actual idea or suggestion about what Albo should be doing to improve the situation. I'm beginning to think you aren't going to produce anything.
So would things be better if Morrison won the last election? What would be different?
Tracked Albo's air miles yourself
you can't really miss them anywhere on the internet….
it's getting hard to find a place that Albo isn't at or has recently been to…
@jv: "anywhere on the internet". And who is trumpeting this nonsense on the internet? Oh yes, the Murdoch press.
What would be better/different if Morrison won?
What would be better/different if Morrison won?
Dunno. I wasn't a fan of Morrison….
What I do know is that Albo is doing a Sh1th##e job.
@jv: Oh no, the leader of the country is being a statesman and representing the nation! Oh the humanity!
@Jimothy Wongingtons: He's responsible for fixing it though. To be blunt, if he can't do it he should f#ck off…
@jv: Thank Morrison and all the short sighted policies from every liberal government EVER!!! All they know how to do is sell off Australia to the highest bidder and give tax cuts to the rich.
@vid_ghost: surely nbn cant be the only reason, they could have just dished out 5g modems to everyone faster and given everyone a better speed
@jv: For a second I was worried that we had lost our village idiot. Someone has to keep OzB entertaining.
Thank Albo for that…
LOL, did you even read that report ? The stats were based on data collected in late 2021.
Between November and December 2021, we surveyed 1,046 Australians to uncover their thoughts and feelings towards money.
(page 3)
Other surveys have it at 60%
Same. But not because 48% of people are "struggling" in the true sense of the word. I reckon about half of that would be people who choose to live beyond their means. My sister is a good case example. Always late paying bills, parents bailing her out every few months by buying her groceries. But she finds money to go clubbing, buy alcohol and go to concerts.
/edit - just read the summary in the link provided. I think this is a better indicator.
36.8% are just surviving when asked what best describes their financial situation.
I think the difference between those two percentages are the people who could adjust their lifestyle to stop living paycheck to paycheck.
no matter how right jv is he does beat me to the negs!
Most people aren't honest or smart enough to ACCURATELY describe their situation, and how loaded was the survey?
i believe it
Frankly I'm suprised it's not higher.
Seems as soon as people get a raise or better-paying job, they instantly go into more debt (pricey new car, rent a fancier place, etc) so they can continue living paycheck-to-paycheck.
I know 200k+ each couples doing this. Most people just don't seem able to admit their financial stress is in any way a consequence of their own choices.
Well that's true but just how frugal should people have to be? Its possible to survive on tap water an two minute noodles, but not much of a life.
True.
Like everything in life, got to have a healthy balance…
nah i believe it