Pensioners $25,000, Couples $37,923 year WOW !, page-48

The property ponzi scheme created such phenomenal wealth generation for current pensioners. There is nothing hard working or smart about buying a house and sitting on it for 40 years. Just dumb luck. Do you think that will be the same for future pensioners? Owning your own home is pretty much beyond the reach of your average Melb or Syd nurse, police, teacher now.

Income is not increasing, workforce has been casualised, "industrial relations" means job security is non existant and a simple home costs over 10 x
average income. They days of mom looking after the kids and Dad having the same job for life chipping away at the Aussie dream are gone. No more off to the $10k shack on the weekends, then selling it for $600,000 dollars in retirement. These poor sods will do it much tougher than us who had the 1st day wicket to bat on. They are on a dry 4th day pitch with cracks you could lose you car in, not just the keys.

As the techno lords take over a living wage will become a more serious discussion, AI, robotics and automation are not much longer futuristic fantasies. .