Why you are feeling the pinch: Cost of living soars

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Healthcare and education, insurance and childcare. These are just some of the mandatory cost-of-living expenses that have rocketed way above our wage and salary growth over the past two decades

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The cost of childcare is up 97 per cent while housing is up 94 per cent and food and non-alcoholic beverages are up 62 per cent.In the past year alone, while inflation remained relatively muted at 1.7 per cent in the year ended September 30, we saw big price hikes in tobacco , domestic holidays, travel and accommodation , fruit and petrol .

“The fees for my son’s schooling start at about $38,000 a year. Then there's a voluntary building fund fee of $300, which you feel obligated to pay, and another $1000 for school uniforms, sports uniforms, excursions and equipment," he says. “For my daughter, the fees are $32,000 a year, plus the same extras.”

Health Minister Greg Hunt recently confirmed that private health insurance costs will rise by 2.29 per cent this year, although some funds will see hikes as much as 5.6 per cent.

 

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when you have a series of governments whose sole mandate is to be re elected so they can keep their snouts in the trough, short term outlook, the libs are all about themselves and the top 1%,you sell off everything you can and put that money into the private (1/4)

We are a third world country now with relentless population growth. Our youth are illiterate. We have replaced manufacturing with tourism, hospitality and other low productivity servile pseudo-industries. Do the maths.

Well, what do you expect from an incompetent government? They haven’t a clue about good policy. They frame policy to reward vested interests. Time to ban all donations from all organisations , limit individual donations, timely disclosure.

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