The Coming Collapse of the Middle Class

Global playbook. On Australian media foreign firms were explicitly touted as necessary

I think as the younger cohorts age across the west with their lower home ownership rates we will see increased taxes on pensions, superannuation and on property sales. Especially on disposal of family homes when parents die.

I saw a comment yesterday. It was along the lines of “you no longer buy property, you inherit it. Look at the society we created”.

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https://www.bloomberg.com/news/articles/2023-05-17/almost-90-million-us-homes-struggle-with-expenses-census-says#xj4y7vzkg

The adult milestones examined are financial independence, completing education, working full-time, leaving parents’ home, getting married, and having children.

https://journals.sagepub.com/doi/10.1177/0192513X20918612#:~:text=The%20adult%20milestones%20examined%20are,getting%20married%2C%20and%20having%20children.

Wanting to live and get on in life is ‘pressure’ and ‘tyranny’. FFS.

Summary of Findings

  • Across generations, the ideal age trajectory for experiencing major life milestones has remained remarkably constant.
  • Compared to the previous generation, every age group has experienced a similar drop in % experiencing many life milestones at ideal age.
  • Younger people show the largest gaps between when they want to achieve life milestones and when they actually do, indicating they are farthest away from achieving their ideals.
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https://blog.massmutual.com/planning/why-you-should-not-expect-to-live-off-your-inheritance

https://www.abc.net.au/news/2023-05-25/fourth-fall-in-a-row-for-australian-share-market/102395048

Australian Disposable income falling at the fastest rate in 40 years. Yes…in 4 decades, Without even a recession…

2023
Nationality (group) Issued Refused Withdrawn
Grand Total 9441 595 212
Albania 9 1
Algeria 5
Argentina 26 1
Armenia 1
Australia 29 3 1
Azerbaijan 3
Bahamas 1 1
Bahrain 1
Bangladesh 39 1
Belarus 13
Belize 8 3
Bolivia 21 3
Bosnia and Herzegovina 5
Botswana 14 1
Brazil 985 89 18
Brunei Darussalam 2
Cameroon 30
Canada 52 3 2
Chile 24 7
China 422 21 4
Colombia 19 1
Congo 1
Congo, The Democratic Republic of the 4
Costa Rica 10 2
Cote d’Ivoire 1
Ecuador 3
Egypt 62 1
El Salvador 4 1
Eritrea 1
Ethiopia 3
Fiji 2
Gabon 1
Gambia 3
Georgia 3
Ghana 72 5 1
Guatemala 1
Honduras 2
Hong Kong 14 1
**India 3706 145 63
Indonesia 21 2 1
Iran, Islamic Republic of 20 2
Iraq 2
Israel 64
Jamaica 7
Japan 73 4
Jordan 13 1
Kazakhstan 5 1
Kenya 32 1 1
Korea, Republic of 23 3
Kosova 2
Kosovo 1
Kyrgyzstan 3
Lebanon 9 1
Lesotho 3
Libya 5
Madagascar 1
Malawi 5 1
Malaysia 135 8 2
Mauritius 9 1
Mexico 99 18
Moldova, Republic of 8 1
Mongolia 10 2
Montenegro 1 1
Morocco 17 3
Myanmar 3
Nepal 74 8 1
New Zealand 20 2
Nicaragua 1
Nigeria 291 23 8
North Macedonia 2
Pakistan 399 34 13
Palestine 4
Panama 1
Paraguay 5 1
Peru 4
Philippines 862 38 11
Republic of Serbia 1
Russian Federation 82 2
Saudi Arabia 3
Senegal 1
Serbia 8
Seychelles 2
Singapore 20 1 1
South Africa 392 26 14
Sri Lanka 130 10 5
Sudan 76 7
Swaziland 1
Syrian Arab Republic 1 1
Taiwan 30 3
Tanzania, United Republic of 4 1
Thailand 143 34 9
Trinidad and Tobago 3
Tunisia 13 1
Türkiye 123 12
Uganda 16 1
Ukraine 62 6 1
United Arab Emirates 1
United States of America 264 18 2
Uruguay 5 2
Uzbekistan 2
Venezuela 11
Vietnam 33 8 37
Zambia 7 1
Zimbabwe 182 20 1

https://www.macrobusiness.com.au/2023/05/chartfest-27-28-may-2023/

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