Chalmers is out of his depth, page-2

  1. 7,624 Posts.
    Chalmers keeps saying that the last decade is a wasted decade. He must be talking about the rise in the ranks of the LGBT etc?

    On the economy however

    "According to the 2011 Credit Suisse Global Wealth report, Australia's wealth per adult had quadrupled over the past decade, and its total wealth was US$6.4 trillion. In the report Australia was the second-wealthiest country in the world behind Switzerland based on average wealth per adult, and had the highest median wealth in the world (US$222,000, nearly four times the amount of each US adult) and a proportion of people with wealth above US$100,000 that was eight times the world average. This was attributed to a resilient Australian dollar, property ownership levels and a strong labour market. Compared to the rest of the world, very few Australians had a net worth of less than US$1,000, which was attributed to relatively low credit card and student loan debt.[189] "

    https://en.wikipedia.org/wiki/Economy_of_Australia
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.