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Retail in Dire Straits
Topic Started: 18 Dec 2016, 09:13 PM (5,410 Views)
herbie
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Terry
26 Dec 2016, 11:56 AM
Jethro is Jethro. May have the ability to skin a critter or fit a tire with the best of them,
Critter skinnin' quite possibly wouldn't be me first choice of ways ta get a start for oneself 'n theirs these days (Leastways not in Oz anymore?) - Tho tha tyre fitter I've personally known best has a son he whacked through uni wot's an economist who seemed ta be doin' just fine last I heard.

But anyway, here's tha current Oz SOL: https://www.border.gov.au/Trav/Work/Work/Skills-assessment-and-assessing-authorities/skilled-occupations-lists/SOL

'N bugger me if tha jobs both tha youngies in me family are gettin' trained up in aren't on it! - LOL
Edited by herbie, 26 Dec 2016, 02:51 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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I've been out at the shops for boxing day. No sign of economic problems there.
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herbie
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Trollie
26 Dec 2016, 02:17 PM
I've been out at the shops for boxing day. No sign of economic problems there.
Could just be all those over indebted consumers takin' back their unwanted Chrissy pressies ta get cash refunds on 'em so's they can pay next month's mortgage 'n/or rent tho maybe don't ya reckon Tezza? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
26 Dec 2016, 02:57 PM
Could just be all those over indebted consumers takin' back their unwanted Chrissy pressies ta get cash refunds on 'em so's they can pay next month's mortgage 'n/or rent tho maybe don't ya reckon Tezza? ... :)
Irrelevant Jethro. Consumer behavior is much better understood through the spending behavior on processed foodstuffs than Xmas presents. Typically, the reason why the suburbanites gravitate to store brand peanut butter explains much of what's going on in the suburbs.
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Poontang
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Can not seem to get it to hot link. Breakdown is 49% are savers, 41% live pay to pay and 10% are going backwards.


Quote:
 
Half of households are not saving. This could be why
Is your personality type holding you back from saving money?

Australians who struggle to save may have a personality type that gets in the way, according to a banking expert.

Research by ME bank earlier this year found that 51 per cent of Australian households are saving nothing at all, with many going backwards into debt.

ME’s Nic Emery says saving is a harder task for those of us who aren’t naturally frugal.

Nic Emery, who oversees the bank’s savings accounts, transaction accounts and credit cards, told The New Daily one explanation is that many of us are just “wired differently”.

His theory is that there are two types of people: those who naturally ‘plan for tomorrow’ versus those who ‘live for today’. The second group finds it much harder to save, he said.

“If you’re a ‘live for tomorrow’, then it’s like exercise – you need to get into the habit of it. It feels really hard until you start doing it.”

The 49 per cent of Australian households that do save tucked away an average of $779 a month, or about $9300 a year, ME found.
Of this group of savers, it was the youngest, the infamous ‘millennials’ of Generation Y, that reported saving the most on average: $848 a month, or $10,177 a year.

What workers lost to bankers, landlords and big business

This is because Gen X, despite being in their peak earning years, are probably weighed down by the heavy costs of raising a family and paying for cars and homes, Mr Emery said.

Financial disadvantage may explain why many Australians cannot save. But for those who simply overspend, overcoming the ‘live for today’ mindset is crucial, he said.

“If you’re inherently not wired that way, and I count myself in that group, then you need something that automatically does it for you,” he said.

“The first step is to force yourself to sit down and work out how much you can afford to save out of each pay cycle and then to set up an automated sweep that sweeps that money into a savings account each month.”

The science behind it
Mr Emery’s theory seems to be backed up by a helpful book on the psychology of money, published earlier this year.

Mind Over Money, by Claudia Hammond, a UK journalist with two degrees in psychology, takes a fun journey through huge piles of academic studies that explain our odd financial behaviour.

Much of the research she summarises in the book deals with saving and spending. So if you’re a ‘live for todayer’, you might want to:
Edited by Poontang, 26 Dec 2016, 06:49 PM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Terry
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Poontang
26 Dec 2016, 06:44 PM
Can not seem to get it to hot link. Breakdown is 49% are savers, 41% live pay to pay and 10% are going backwards.


Little different. It's about how much cash at hand the suburbanites have and approx 50% have less than their next paycheck. Something like about 20% of h'holds have cash at hand equivalent to 6 months salary or more.

ideally, I think it would be good if the median suburbanite had approx 12 months cash at hand.
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Mallard
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Terry
26 Dec 2016, 03:52 PM
Irrelevant Jethro. Consumer behavior is much better understood through the spending behavior on processed foodstuffs than Xmas presents. Typically, the reason why the suburbanites gravitate to store brand peanut butter explains much of what's going on in the suburbs.
Didn't get a better brain for Christmas then Terry. Aww. Well there is always next year. It's only twelve months of being a mong again.
Collecting desperation.
Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
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Terry
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Mallard
26 Dec 2016, 07:36 PM
Didn't get a better brain for Christmas then Terry. Aww. Well there is always next year. It's only twelve months of being a mong again.
Xmas is not representative of all 52 weeks of the year. How the suburbanites shop for their daily sustenance is far more important. Xmas can be chalked up to debt. It's always an opportunity and obligation to splash out.
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Trollie
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Terry
26 Dec 2016, 07:42 PM
Mallard
26 Dec 2016, 07:36 PM
Didn't get a better brain for Christmas then Terry. Aww. Well there is always next year. It's only twelve months of being a mong again.
Xmas is not representative of all 52 weeks of the year. How the suburbanites shop for their daily sustenance is far more important. Xmas can be chalked up to debt. It's always an opportunity and obligation to splash out.
Is that your back of the envelope analysis roddy?
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Terry
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Trollie
26 Dec 2016, 08:16 PM
Is that your back of the envelope analysis roddy?
Nope Roddy. The suburbanites spend more on household goods and food more regularly than they do on Xmas presents. Just the way it is. Not really any need for the puppeteer to spring you from the box for this, simply because all the crickets are chirping.
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