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]