Yeah agree tough times ahead but not just yet although the poverty rate has gone up and a lot of people really feeling it!
When commodity prices come off and the resource boom slows down we are going to have a generation of people who are in debt to their eyeballs getting paid less for the same job a few years before but with the same repayments ect!
Even in a event of a global recession still believe OIL prices will be high which will help to fuel inflation and keep bare essentials up as well.
If Labor win at the end of the year and stay in for a couple of terms one guess who will get blamed for it.
