Yes now they can afford to buy a house?The experts say it will make a cut in interest rates a 90+%. chance.
This will be good for young families.
I don't like the ALP iteration 2025 but I believe they have done well to achieve this inflation rate.
gg
Did they actually do something?The experts say it will make a cut in interest rates a 90+%. chance.
This will be good for young families.
I don't like the ALP iteration 2025 but I believe they have done well to achieve this inflation rate.
gg
well i didn't go broke , but certainly reduced spendingDid they actually do something?
Seems everyone went broke and stopped spending except the government
Given the decades of declines in real wages, wages are now far too low too entice young people into working. If they can never afford to buy a house, etc why would they work when they can just stay at home with their parents for free or receive government welfare? And many young women are just going the sugar baby and only fans route while young men just take gig work (uber driver, temp agencies etc) a few days here and there when they need pocket money. A young man living with his parents who just plays video games really does not need all that much money.Also seems to be more youth not entering the labour market. Staying home and playing computer games. I have a friend who son is doing this and he is lost on what to do.
@Value Hunter And another bone of contention with me is the number of bogus applications they supply to Centre link as companies they have supposedly applied to for an interview at least.Given the decades of declines in real wages, wages are now far too low too entice young people into working. If they can never afford to buy a house, etc why would they work when they can just stay at home with their parents for free or receive government welfare? And many young women are just going the sugar baby and only fans route while young men just take gig work (uber driver, temp agencies etc) a few days here and there when they need pocket money. A young man living with his parents who just plays video games really does not need all that much money.
If wages doubled and working conditions improved a lot more young people would bother with working.
The country needs to get off the immigration drug. This would force companies to start paying higher wages and more young people would reenter the work force.
Undoubtedly true. I do think some give up, some are lazy and some are dodgy.Given the decades of declines in real wages, wages are now far too low too entice young people into working. If they can never afford to buy a house, etc why would they work when they can just stay at home with their parents for free or receive government welfare? And many young women are just going the sugar baby and only fans route while young men just take gig work (uber driver, temp agencies etc) a few days here and there when they need pocket money. A young man living with his parents who just plays video games really does not need all that much money.
If wages doubled and working conditions improved a lot more young people would bother with working.
The country needs to get off the immigration drug. This would force companies to start paying higher wages and more young people would reenter the work force.
Given the decades of declines in real wages, wages are now far too low too entice young people into working. If they can never afford to buy a house, etc why would they work when they can just stay at home with their parents for free or receive government welfare? And many young women are just going the sugar baby and only fans route while young men just take gig work (uber driver, temp agencies etc) a few days here and there when they need pocket money. A young man living with his parents who just plays video games really does not need all that much money.
If wages doubled and working conditions improved a lot more young people would bother with working.
The country needs to get off the immigration drug. This would force companies to start paying higher wages and more young people would reenter the work force.
But while Mum and Dad supply the tucker and roof over his head and the bed he sleeps in life is pretty cosy.Undoubtedly true. I do think some give up, some are lazy and some are dodgy.
This 21 year old however has had the occasional labour job which he no longer gets, and occasionally looks after cats when people are away. He doesn't get unemployment benefits!
He is in a band that plays very occasionally and that's it. Lives on the smell of an oily rag. If you have accommodation and meals, you don't need much. Could be a lack of confidence also?
@JohnDe No complaints from me about this post . I also have come across plenty who have their heads down and bums up striving to get on in life.I'm guessing that you don't know very many young people.
I know quite a few, they work hard and partied hard but as they get older and wiser they are saving their money. Some are planning to buy a home and some have already purchased. Most would like to buy in or near the suburb they grew up in but have found the price of property there to high, so they have purchased in more affordable locations.
My wife's niece moved in with us when she was 16 and still at school, due to family mental health issues. She finished off her schooling while working part time in a grocery store. She was going to go to Uni and learn to become a teacher but decided that she had had enough of school and wanted something else. Found an apprenticeship and is in her second year. At first, she was spending most of her money on wasteful things, but recently she started a serious relationship, and they are both saving to allow them to move out on their own.
My son and his partner purchased a house that needed a lot of work, especially the yards. They have slowly turned it into home with a very large vegetable garden, which has helped reduce their food cost significantly. he has two jobs, and he and his friends lend each other their skills.
The majority of young people are getting on with life, like we did, our parents did, and their parents also.
Wages are pretty good these days, better than they were when my grandparents came here, and when my father joined the workforce. but they still managed to create a successful life.
Maybe if the cost of electricity, gas, insurance and taxes was lower we would be a far richer country. But even then, there would be people complaining about wages and housing.
a very extensive system by now ( compared to the 1980's when i was in that situation )but they seem to have an underground system
With you. Plenty do their best to get ahead. I think this generation is more serious than previous generations and they need to be!I'm guessing that you don't know very many young people.
I know quite a few, they work hard and partied hard but as they get older and wiser they are saving their money. Some are planning to buy a home and some have already purchased. Most would like to buy in or near the suburb they grew up in but have found the price of property there to high, so they have purchased in more affordable locations.
My wife's niece moved in with us when she was 16 and still at school, due to family mental health issues. She finished off her schooling while working part time in a grocery store. She was going to go to Uni and learn to become a teacher but decided that she had had enough of school and wanted something else. Found an apprenticeship and is in her second year. At first, she was spending most of her money on wasteful things, but recently she started a serious relationship, and they are both saving to allow them to move out on their own.
My son and his partner purchased a house that needed a lot of work, especially the yards. They have slowly turned it into home with a very large vegetable garden, which has helped reduce their food cost significantly. he has two jobs, and he and his friends lend each other their skills.
The majority of young people are getting on with life, like we did, our parents did, and their parents also.
Wages are pretty good these days, better than they were when my grandparents came here, and when my father joined the workforce. but they still managed to create a successful life.
Maybe if the cost of electricity, gas, insurance and taxes was lower we would be a far richer country. But even then, there would be people complaining about wages and housing.
Never a truer word said, it is certainly a harder road ahead, than it was for us IMO.With you. Plenty do their best to get ahead. I think this generation is more serious than previous generations and they need to be!
The way I see it's there's really two arguments here.I know quite a few, they work hard and partied hard but as they get older and wiser they are saving their money. Some are planning to buy a home and some have already purchased. Most would like to buy in or near the suburb they grew up in but have found the price of property there to high, so they have purchased in more affordable locations.
The hard part is selling it to kids with a Uni degree and a HECS bill that can't get a job and they read in the paper every day there is a shortage of workers.So both have a place but the key is getting on and doing something productive. Getting on with your life to improve your own situation, or getting on and actually doing something to improve society.
We have two sons. The oldest left school at the end of 3rd high school and is now and has been for a long time a skilled heavy diesel fitter firming ensconced in the Pilbara with a wealth of knowledge.Well, kids should know as well that dome degrees were are and will be useless.
There are /or were a couple of years ago, more forensic scientists graduated each year in each capital city than the whole number employed for the whole of Australia
Or most of the social science degrees, psychology, etc etc or just vague economics or environmental sciences degrees.
No job for these.
For the time being, engineering graduates still have jobs
The difference today is that there is in general an oversupply of people with qualifications (including degrees). 50 years ago whatever you studied would get you a job, whereas these days you need to be selective and study something where the labour supply demand dynamics are favourable.We have two sons. The oldest left school at the end of 3rd high school and is now and has been for a long time a skilled heavy diesel fitter firming ensconced in the Pilbara with a wealth of knowledge.
Son no 2 went to Uni and is a qualified Vet working in the South=West. He too is highly skilled, as a surgeon and big animal Vet.
They chose their paths in education many years ago and have the benefits from those choices today.
@Value Hunter True, the days of going to Uni and getting a useless Arts Degree, worthless back then and even more so these days.The difference today is that there is in general an oversupply of people with qualifications (including degrees). 50 years ago whatever you studied would get you a job, whereas these days you need to be selective and study something where the labour supply demand dynamics are favourable.
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