To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.
I’m sure this whole article comes as a shock to nobody, but it’s nice to see it recognised like this.
An analysis of policy, formed by corporate interests and pushed upon the public in the 1980s, shows how it deprived the current crop of young adults of social housing, under-invested in public healthcare, enabled predatory lending practices, distorted the tax system so that a disproportionate amount fell upon the lowest three deciles of tax payers and hobbled unions while outsourcing manufacturing to the developing world causing earnings to plummet.
Here’s my improved version:
An analysis of policy, formed by corporate interests and pushed upon the public in the 1980s, shows how it deprived the current crop of young adults of social housing, under-invested in public healthcare, enabled predatory lending practices, distorted the tax system so that a disproportionate amount fell upon the lowest three deciles of tax payers and hobbled unions while outsourcing manufacturing to the developing world causing earnings to plummet.
Aaaaaaaaand breathe!
Yeah, I know, wrong meeting.