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Australia is really crap at looking after it's older citizens; the data contradicts many articles
Topic Started: 29 Aug 2015, 09:55 PM (2,272 Views)
peter fraser
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Which is the best country to grow old in?
By José Santiago
Aug 28 2015
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The global population is getting older – and the world is not ready for it, according to an index by Global AgeWatch.

The report shines a light on how a country’s economic success is not enough to improve the lives of its increasingly elderly population, and identifies policies aimed at supporting this growing demographic in different regions of the world.

Quality of life and well-being are measured in four key domains: income security, health status, capability and enabling environment. According to the report, while some countries have taken steps towards guaranteeing basic income security in old age, half of the world’s population can still expect to spend their golden years without a pension.

Norway ranks first in the index, scoring consistently high across all domains, including a top score for income security with the highest GDP per capita in the region. Afghanistan is last (at 96), ranking lowest in the domain of health, with below-average life expectancy.
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Edited by peter fraser, 29 Aug 2015, 09:57 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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Relative Mental Wellbeing - Germany: 101.2% - Damn those Huns are right up there! LOL

Do you think it could be to do with the fact that SO many of them are tenants?

In which case I as a landlord can only continue to see myself as redeemed - Continuing to do my tiny little bit to continue enhancing the mental wellbeing of the nation ... :)
Edited by herbie, 29 Aug 2015, 10:17 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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peter fraser
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goneaway
29 Aug 2015, 10:10 PM
Relative Mental Wellbeing - Germany: 101.2% - Damn those Huns are right up there! LOL

Do you think it could be to do with the fact that SO many of them are tenants? :)
Well I was looking at the poverty rate.

Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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peter fraser
29 Aug 2015, 10:13 PM
Well I was looking at the poverty rate.
It's some bullshit measurement of 'relative' poverty anyway Peter - With that being a crock of shite.

I first fell for that line back when Hawke spruiked his crap about having NO Australian child living in POVERTY (by whenever). And went Oh my god, Australian children are living in POVERTY? - THAT'S TERRIBLE!!! (Though yes, I have no doubt some ATSI kids were.)

But anyway, I fell for it plenty of times again afterwards. (With me being young 'n naive 'n all.)

Though have since come to realise it's all just a crock of shit/pollie/welfare lobby spruik.

With the Capitalist Consumer Economy economists and businessmen being the latest to hop on the bandwagon it seems.

Edited by herbie, 29 Aug 2015, 10:37 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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createdby
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Superannuation is doing just fine thank you.

Right guise?

Guise?
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Chris
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goneaway
29 Aug 2015, 10:10 PM
In which case I as a landlord can only continue to see myself as redeemed - Continuing to do my tiny little bit to continue enhancing the mental wellbeing of the nation ... :)
Not yet Herb, you will need to put your tenants on a rental contract that is equal to the terms outlined in a standard German lease.

Once you have done this then you can considered yourself something other than parasitical.
Edited by Chris, 29 Aug 2015, 10:40 PM.
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herbie
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Chris
29 Aug 2015, 10:40 PM
Not yet Herb, you will need to put your tenants on a rental contract that is equal to the terms outlined in a standard German lease.

Once you have done this then you can considered yourself something other than parasitical.
The curious thing there Chris is that my one long term tenant and one longish term tenant might well go for it.

And so might I.

Stability of accommodation for them.

And stability of income for me.
Edited by herbie, 29 Aug 2015, 10:50 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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provocateur
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peter fraser
29 Aug 2015, 09:55 PM
Which is the best country to grow old in?
By José Santiago
Aug 28 2015
Link

The global population is getting older – and the world is not ready for it, according to an index by Global AgeWatch.

The report shines a light on how a country’s economic success is not enough to improve the lives of its increasingly elderly population, and identifies policies aimed at supporting this growing demographic in different regions of the world.

Quality of life and well-being are measured in four key domains: income security, health status, capability and enabling environment. According to the report, while some countries have taken steps towards guaranteeing basic income security in old age, half of the world’s population can still expect to spend their golden years without a pension.

Norway ranks first in the index, scoring consistently high across all domains, including a top score for income security with the highest GDP per capita in the region. Afghanistan is last (at 96), ranking lowest in the domain of health, with below-average life expectancy.
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You make your bed and then you have to lie in it.
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hoofarted
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provocateur
30 Aug 2015, 12:51 PM
You make your bed and then you have to lie in it.
In a nutshell. Am I supposed to care? Why? Continually happy to take time from their children for their own financial gain.
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ThePauk
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Shite, so 65% of people/households above the age of 60 get more than the median wage of what, $60,000? Peter, you are gold for digging that up!

( https://mattcowgill.wordpress.com/2013/05/13/what-is-the-typical-australians-income-in-2013/ )

Peter, your title of the thread is crap, your take on it is crap and income, does not include Super I would suspect and certainly not the value of the PPOR, that could be used to produce 'income'.

AU is 13th globally.
http://www.helpage.org/global-agewatch/population-ageing-data/global-rankings-table/

"Financial resources of older Australians
When people retire, the source of their financial resources generally shifts from employment or
business income to superannuation, savings, investment income and government pensions. This
shift can affect a person’s living arrangements, how they participate in the community, and their
ability to maintain their chosen lifestyle.
According to the ABS 2009–10 Survey of Income and Housing, households where the reference
person was aged 65 or over had the lowest mean equivalised disposable incomes (ABS 2011d;
see Glossary). Although households with an older reference person tended to have lower average
incomes than other households, they were more likely to have greater wealth.
As noted in
Section 2.4, both income and wealth should be considered together when assessing the relative
access of different population groups to economic resources. A household’s wealth, or net worth,
is the value of its assets minus the value of its liabilities. In 2009–10, households with a reference
person aged 55–64 had the highest mean net worth ($1,051,600), followed by households with
a reference person aged 65–74 ($959,500) (ABS 2011f ). For households with a reference person
aged 75 years or over, the mean net worth was $769,000. The mean net worth for all households
was $719,600. See Chapter 2 for further information about household economic resources and
components of household wealth.

Home ownership contributes a large part of the wealth of many households. In 2011, 71% of
households with an older reference person (aged 65 and over) owned their own home outright
(see Section 6.3). However, as older people tend to have lower incomes, housing affordability
can be a significant concern for those who do not own their own home and face higher housing
costs, such as private renters (see Box 3.5).

Lower income households are classified as experiencing housing stress if they spend 30% or
more of their gross income on housing costs (see Glossary). In 2009–10, 5% of lower income
couple-only households with an older reference person were renting privately; these households
spent 34% of their gross income on housing (ABS 2011g). Of lower income households with a
lone-person aged 65 and over, 12% were renting privately; these households spent 39% of their
gross income on housing. In comparison, among all lower income households renting privately,
an average of 29% of their gross income was spent on housing. A growing number of older
people renting privately (see Section 6.3) may lead to a higher proportion of older people with
limited disposable income, as private renters generally have relatively high housing costs (AIHW
2013b). See Chapter 3 for more information about housing tenure and Indicator 9 in Chapter 11
for information on change over time in housing stress levels.
According to indicators used in the ABS 2010 GSS, older people were less likely to be living in
households experiencing financial stress than younger people. For example, 4% of people aged
65 and over reported that their household had a cash flow problem in the previous 12 months,
compared with 25% and 17% of people aged 18–44 and 45–64, respectively (AIHW analysis of
ABS 2011b). Older people were also less likely to report that their household had taken actions
that reduced assets in the previous 12 months, and more likely to report that their household
could raise $2,000 within a week for something important. "
http://www.aihw.gov.au/WorkArea/DownloadAsset.aspx?id=60129544560
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Edited by ThePauk, 30 Aug 2015, 04:34 PM.
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