Over the coming years you will notice more and more policies designed specifically to reduce the massive costs of an ageing population. Rising Government debt will further exacerbate the issue which can only lead to higher taxes and/or a reduction in services. Start saving now, you'll need it.
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Yes however, many people are not aware of such future implementations, even now costs are becoming apparent, Following the GFC many peoples Superannuation was affected, whilst people had previously believed that it was a safe option. So what other options can people turn to? Government Debt will be present for a long period of time, and with Queensland assets trying to be sold of for hard cash by the Queensland Govt we therefore lose potential future profit in the short term we can see debt being paid of quickly. However, this does not accommodate for possible future economic downturn periods, whereby lower Govt revenue can mean greater Debt.
In the following article, it suggests that "It's getting easier to believe and harder to doubt this recession will be a lot milder than we're used to."
It goes on to say that the GFC occurred in order to settle the economy and to put prices back to where they belong. Due to the fact that people were getting too greedy, and prices, such as housing were too excessive.
http://business.smh.com.au/business/this-recession-isnt-looking-as-bad-as-we-feared-20090712-dhd2.html?page=2
Thoughts upon this? Did the GFC help settle prices?
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