45. Are Young People Screwed?
Listen now
Description
In this episode, we tackle a topic that has received countless media coverage over recent years.  In one way or another, most financial commentary implies that the future is bleak, and young people are screwed since there's so many factors working against us. In fact, most casual observers would agree with this statement without even questioning it.  But is this true?  We unpack the arguments today and share our thoughts. Discussion points... Introduction  (01:10)Jobs are less secure than they used to be  (04:00)Wages aren't growing  (11:55)Young people probably won't get a pension  (18:48)Generational inequality  (27:21)Lower investment returns  (32:46)Expensive housing  (39:45)Final thoughts  (53:48) Resources and stuff mentioned... How we track our investments:  Sharesight  (save 33% off a premium plan)Low cost investing platform:  Pearler  (free brokerage on your first 2 investments)Podcast:  Basics vs Luxuries - 120 Years of PerspectiveArticle:  How Do House Prices Affect Financial Independence?Article:  Best Paying Jobs Without A DegreeABS average full-time income dataABS median full-time income dataCapital city rental growth last 10 yearsRBA inflation calculatorInheritances and family wealth  More from us... Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  [email protected]
More Episodes
In this episode, we discuss the crackdown on financial content by the regulator ASIC. We share our thoughts on these issues and how it affects what bloggers and podcasters are able to say to their audience.  The restrictions are so frustrating that we have decided to end the show. We've both...
Published 04/18/22
In this episode, we talk about the different taxes we face on our financial journeys.  We discuss taxes on our income and investments, different options for reducing tax, including tax deductions and negative gearing.  We also break down examples of what taxes look like when you're living off a...
Published 04/04/22
Published 04/04/22