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Morrison pushing young people deeper into debt, page-6

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Pedroximn8

3,933 Posts.

12/05/19

17:36

Post #: 38526412
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Originally posted by Dui: ↑

Morrison wants to get young people onto the property ladder by lowering the required deposit from 20% to 5%. In other words the coalition does not want to get housing cheaper. They prefer to push young people a bit deeper into debt. On top of paying back their study loan, add some 'Afterpay' debt, a car loan, etc. ....Beware of the neoliberal trap of accumulating more debt. It won't take long before the Ponzi debt scheme collapses....and don't expect the Coalition to come to your rescue when this happens.

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What about some personal responsibility.

It's not the Government's (taxpayer) responsibility to look after every aspect of the citizen's life
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