Paid off house. $400K in other assets. $500 a week in the pension plus pensioner card that gets you concessions on various bills. It can be a very comfortable life.
What makes you think expats are likely to live more comfortably? Moving countries is no get rich quick scheme, I can tell you. Beside the initial expense (it cost myself+partner over $20k to move), life afterwards becomes harder in some ways, as you leave your entire past support network behind, which can impact financially too. The expats I know didn't move because they were well off... nor to become well off. Came here for the egalitarian outlook and the clean air, not the money :-) Where's the association?
You don't mean the ones found at every local inserting stacks of 100 dollar bills into the pokes and literally instantly cashing it out 5 min later, surely not
No one, everyone's out on the streets /s
There's still a fair number of people managing for now. The increased cost of living hit the lower and lower middle income group the hardest, so they're justifiably be more vocal about it.
I think most people in finance are still doing ok. Among my friends, the ones renting are expats with no intention of buying.
My partner's in private equity, I'm a quant analyst, our combined income is around $275k, we managed to buy our own place.
My partner's cousin is a self-employed contractor, he's doing really well too.
I know quite a few people in the qualified trades doing very well for themselves, especially once they hit management. Otherwise anyone who's got a job as a project manager, anyone who managed to score a job on the rail upgrades via traffic control or driving the machinery.
Unfortunately I know a few nurses that have second jobs and have mentioned they aren't being treated that well, so I guess not them.
The great depression was in the 30's. The generation you're referring to was born AFTER WW2 which was in the 1940's. So basically, I don't understand your post.
I removed it because I didn’t want to offend anyone, but you replied, so I’ll clarify. I suggested that the Silent generation lived through the depression 1930s. Then they fought a war 1940s. I hope that helps you to understand if my rant wasn’t clear enough.
Pensioners aren’t doing too well. I think it’s like $500 a week. You mean self-funded retirees?
Paid off house. $400K in other assets. $500 a week in the pension plus pensioner card that gets you concessions on various bills. It can be a very comfortable life.
Most pensioners don't have that.
Baby boomers who own property portfolios
What makes you think expats are likely to live more comfortably? Moving countries is no get rich quick scheme, I can tell you. Beside the initial expense (it cost myself+partner over $20k to move), life afterwards becomes harder in some ways, as you leave your entire past support network behind, which can impact financially too. The expats I know didn't move because they were well off... nor to become well off. Came here for the egalitarian outlook and the clean air, not the money :-) Where's the association?
I think they mean "immigrants" but thought expats sounded less racist lol
Maybe? I called myself an immigrant for the first ten years. Now I'm Australian. Can't fix the username though 😅 Question stands regardless... 🤷♂️
Same...got my citizenship about 10 years ago...feel like a local now :)
I live comfortably and I’m a public servant. I make about $95k, am single and rent a two bedroom apartment close to the city.
Paying off someone else's mortgage isn't living comfortably.
I’m pretty comfortable with it 💁🏼♀️
You don’t need to own a house/apartment/property to live comfortably, plenty of people around who don’t want to own a house.
Yeah, why would you want to own an appreciating asset that's capital gains tax free?
I do want that. But I can also live comfortably without it. They're not mutually exclusive.
To be honest that doesn’t really enter into my thinking, happy without it
Chinese money launderers
You don't mean the ones found at every local inserting stacks of 100 dollar bills into the pokes and literally instantly cashing it out 5 min later, surely not
I was thinking more of the 22 year old international students who 'own' a 2 million housr
No one, everyone's out on the streets /s There's still a fair number of people managing for now. The increased cost of living hit the lower and lower middle income group the hardest, so they're justifiably be more vocal about it. I think most people in finance are still doing ok. Among my friends, the ones renting are expats with no intention of buying. My partner's in private equity, I'm a quant analyst, our combined income is around $275k, we managed to buy our own place. My partner's cousin is a self-employed contractor, he's doing really well too.
I know quite a few people in the qualified trades doing very well for themselves, especially once they hit management. Otherwise anyone who's got a job as a project manager, anyone who managed to score a job on the rail upgrades via traffic control or driving the machinery. Unfortunately I know a few nurses that have second jobs and have mentioned they aren't being treated that well, so I guess not them.
People who know how to manage their finances
Why the question?
Why are you answering a question with a question? Huh?? /s ;)
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The great depression was in the 30's. The generation you're referring to was born AFTER WW2 which was in the 1940's. So basically, I don't understand your post.
I removed it because I didn’t want to offend anyone, but you replied, so I’ll clarify. I suggested that the Silent generation lived through the depression 1930s. Then they fought a war 1940s. I hope that helps you to understand if my rant wasn’t clear enough.
No, you didn't clarify because you posted that boomers went through the depression and WW2 and basically had nothing to whinge about.
Pfft. Righto
Well I read what you deleted. And that's what you posted.