Household goods, cars, and home renovations are just some of the categories on the upswing.
Ms Hunter pointed to the household savings rate, the measure of the percentage of household disposable income saved every month. Mr Buskes, the owner of A1 Motorcycles in Ringwood outside of Melbourne, originally thought COVID-19 was going to shut his business down.
'In June of last year, Mickayla Downey and Matthew Hardiman had a plan: move in with the parents, save on rent and build a deposit for their first home.' Why do these rich parents or parents bearing all living costs for their kids stories always get such publicity?
Please shut up.
Because I know there's going to be something about their parents in the article...
Shut the fuck up
Pull the article
What is the point of these sorts of stories exactly? What qualifies this as news worthy to the ABC?
You guys know you can stop writing these stories at any time
Man, they sound like cunts
jfc give it a rest with these type of clickbait pieces that don’t reflect most people’s reality. Not everyone can move in with their parents &/or not contribute to rent
What is this an ad for?
Gosh it’s going to be great to see hard hitting stories like this back on Facebook soon
Stop feeding us capitalist propaganda. People are being evicted in a pandemic and you’re spinning accounts of privileged inheritors of wealth into fanciful headlines about money falling from the sky.
There needs to be a term for these bullshit “by the bootstraps” stories. Substantial parental support is always the primary factor. Deposit porn? Saverbating? I expect better from
This is horse manure. I saw a similar article in The West Australian about a couple who had supposedly been saving for 18 months, but couldn’t get a deposit together for an apartment. I know them! They had only been together for about six months and he already owned an apartment!
Damn. Norman went to all the effort to get a BA in IR and an LLB, then worked as the ABC's man in Moscow, moving up to a job as the important sounding 'social affairs correspondent' only to have to write this: a story as revealing and relevant as the preamble on a recipe blog.
Why am I laughing!
“A weekend away can cost you a thousand dollars”. There’s the problem.....
It’s always - always - a story about being able to use parental support. These stories just reinforce the notion that saving a deposit and paying for a house is next to impossible without leaning on intergenerational wealth.
Stop publishing ~young people who live at home and buy a house~ challenge
nothing like a deadly pandemic to help out this nice couple.
Cool. Only 500,000 people had to die for this feel-good story.
if the story involves either getting money from or moving in with relatives you have a journalistic obligation to include that in the lede
🖕🙄
They could have done it in about a month if they had just had rich parents instead. They decided to take the longer path. No sympathy for them.
Not this. They moved in with their parents. It's not just a few little 'lifestyle changes' like no overseas trip, they literally moved in with their parents and likely had no bills to pay for 6 months. Stop writing these shitty articles.
People put all the money into real estate, small businesses will die even quicker. Thanks the stuipd government.
So COVID taught them financial management? A happy ending. 👍
People buying houses without going into their super? Businesses doing well during COVID? This is not the ‘narrative’! It’s going to melt poor Tim Wilson’s ‘brain’!
They moved on with parents, had NO BILLS OR RENT TO PAY, and they saved & $35,000 in 6 months. $35,000 is a years wage for a very large amount of people.
Because they did exactly what the LNP said and stopped eating smashed avo, travelling and going out every weekend and saved for their house instead of expecting it to be handed to them. I remember when the leader of the LNP said to do this and you lagged him for it.
Considering the enormous wage to house prices ratio these days, high rental prices, cost of living etc this is not indicative of how hard it is for most 'young' people to buy a house. Alot of people are still struggling to get into a now tighter and more expensive market.
Let’s not pretend the inability of young Australians getting into the housing market is all because of ‘lifestyle choices’, weekends away and avocado on toast.
Well somethings a bit weird. Either they had savings in the 1st place or banks are recklessly handing out mortgages.
When they couldn't go out, so had to smash their own avocados ? And lightly burn their bread ?
That is amazing. Just how it happened in the “old days”. Don’t spend all your money on shit and put it in the bank and watch it grow.
Boomers: 'Stop with the Avocado toast and you can save up for a house' Millennials: 'Nah ah!' Pandemic Hits and Avocado Toast Supply Evaporates Millennials: 'Holy shit we saved for a house'
Most of that money would of been from not paying rent because they moved in with mummy and daddy
Taxpayer funded journalisming 'A weekend away can cost you a thousand dollars,' Mr Hardiman said. 'Instead of putting that money to a trip, we just put that straight into a savings account.'
Typical abc. Looking to somehow spin Labor’s atrocious lockdowns into a positive. Your defunding is long overdue.
Jobkeeper had its benefits.