The Brutal TRUTH About Australia's Economy #shorts #australia #costofliving
By Scott Kuru
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Australia has everything it needs to be one of the wealthiest and most prosperous countries in the world. So why does getting ahead feel harder than ever? Housing is becoming less affordable, rents keep rising and wages are struggling to keep pace with the cost of living. One of the biggest pieces of this puzzle is productivity. When productivity stalls, wages and living standards eventually feel it. And when asset prices keep rising at the same time, the gap becomes even harder to close. Australia has enormous potential. The question is whether we’re creating the conditions to actually realise it.
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