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Pay Cheque to Pay Cheque By James Reed

 

         The poverty level in Australia is $ 433 a week, but few people on social security benefits get that, and the millions doing casual work, and exploited foreign labour would also fall below it. Even so, people who live about the poverty line are falling increasingly into debt, with Australia’s personal debt being the highest in the world, the ratio of household debt to income more than doubling between 1995 and 2015, going from 104% to 212%, according to the 2015 OECD data.  Thus, if the average person earns $80,000 net, they are spending $169,600 per year. That is not usually luxury spending but just getting by, with the myriad of expenses that having a family brings, especially having children.

 

https://www.finder.com.au/australias-personal-debt-reported-as-highest-in-the-world

 

         I did not find parallel figures for Australia, but I expect things are even worse here:

 

http://www.shtfplan.com/headline-news/78-percent-of-americans-are-living-paycheck-to-paycheck-including-many-government-workers-affected-by-the-shutdown_01102019

 

 

 

https://www.cnbc.com/2019/01/09/shutdown-highlights-that-4-in-5-us-workers-live-paycheck-to-paycheck.html

 

 

 

Nearly 80 percent of American workers (78 percent) say they're living paycheck to paycheck, according to a 2017 report by employment website CareerBuilder. Women are particularly vulnerable: 81 percent of them report living paycheck to paycheck, compared with 75 percent of men.

 

Tony Reardon, president of the National Treasury Employees Union, tells CNBC that the group has heard from hundreds of frantic federal employees. "They're scared," he says. "They don't know how they're going to put food on the table."

 

Various #ShutdownStories making that point have gone viral on Twitter.”

 

         These people may be suffering, but their righteous anger needs to be expressed against the Democrats and the new class, who in any case are seeking to replace them. Through mass migration. The deplorables will be very hungry indeed, in the open borders world, and there is a parallel lesson for Australia here  too. We are next.

 

 

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Wednesday, 27 May 2020
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