The truth is that things are tough for young Australians financially today. According to Mortgage Choice, 4.9% of all first home buyers use a guarantor to buy property.
While we may reminisce about the ‘good ol’ days’, we must accept responsibility for making the world more complex. We took full advantage of the previous generation’s austerity to create our prosperity.
Baby boomers are getting old. The first wave — about 2.4 million of them — turned 70 last year. And Big Pharma is profiting from this ageing generation.
Shares of Gateway Lifestyle Group [ASX:GTY] rose over 4% today. Gateway has been in a downtrend since around August last year. It’s now nudging up.
As the swell of population moves into their 60s and 70s, their aging bodies are being welcomed by Big Pharma and a corporate medical empire bombarding them with an endless menu of pharmaceutical and high-tech…
We baby boomers were famously ‘na…na…na…live for today.’ Now, it’s tomorrow. And many of us — often through no fault of our own — are having trouble making ends meet.
We’ve been trying to find something good to say about our generation — the baby boomers, who have dominated life back in the US for at least the last 30 years.
It’s the Superannuation welfare system we’re worried about. The idea that you can save and invest for retirement is in just as much trouble as the budget.
They want to control what and how much you can sell from your Superannuation in retirement. Oops, we called it ‘your’ by mistake. It is now ‘society’s’.
It’s a falsehood to say deflation is evil and should be avoided at all costs. What’s the matter with lower costs and greater levels of savings?
Baby boomers are about to ‘flip’, from earning income, paying tax, and buying stocks, to NOT earning an income, paying far less tax, and SELLING stocks.