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Cost of living baskets.; Have they changed? What would you put in one?
Topic Started: 8 May 2012, 03:20 PM (1,142 Views)
Sunder
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I was just thinking about the recent NATSEM report, saying that the average family has $224 more per week in real terms, than they did in 1984, and yet we're feeling "cost of living rises".

It just made me think about the technique they use to compose cost of living. Can they reflect changing expectations?

In 1984, I assume the basket might look something like this:

* Food - Mostly fresh
* Clothing
* Cars (Changed every 10 years)
* Petrol (12,000km/year)
* TV, Radio, etc (Replaced every 10 years)

In 2012 the expectation must have changed -
* Food, a mix of fresh, frozen, prepared, and eaten out
* Clothing
* Cars (Changed every 7 years - that's a guess, but I know the trend tends to be shorter ownership)
* Petrol 22,000km/year less some improvements in fuel efficiency
* TV (Replaced every 2-3 years now)
* Computer
* Internet
* Mobile

You get my point? If now, you never eat out, you're poor. In 1984, if you never at out, you were normal. Now, if you don't have a computer - or one per school age child - you're disadvantaged. Back then, nobody had computers. We drive more, we replace our devices more regularly. We're more status conscious, we're more entertained.

So that $224... Has that just been eaten up by changes in expectation?
Property speculation is a type of gambling... But everyone knows that in gambling, the house always wins in the end.
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Elastic
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It'd be fair to say that people really need access to computers these days as well as mobile phones in order to function in this society.
You could have said the same thing about fixed line telephones some time after they came into general use.
I don't know if the modern day basket necessarily reflects these changes.
Only a rat can win a rat race.

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NotFooled
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The Bear Whisperer

In 1984 I think uni education for the kids was free (no hecs) and health & dental costs were definitely lower.
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audas
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Sunder
8 May 2012, 03:20 PM
I was just thinking about the recent NATSEM report, saying that the average family has $224 more per week in real terms, than they did in 1984, and yet we're feeling "cost of living rises".

It just made me think about the technique they use to compose cost of living. Can they reflect changing expectations?

In 1984, I assume the basket might look something like this:

* Food - Mostly fresh
* Clothing
* Cars (Changed every 10 years)
* Petrol (12,000km/year)
* TV, Radio, etc (Replaced every 10 years)

In 2012 the expectation must have changed -
* Food, a mix of fresh, frozen, prepared, and eaten out
* Clothing
* Cars (Changed every 7 years - that's a guess, but I know the trend tends to be shorter ownership)
* Petrol 22,000km/year less some improvements in fuel efficiency
* TV (Replaced every 2-3 years now)
* Computer
* Internet
* Mobile

You get my point? If now, you never eat out, you're poor. In 1984, if you never at out, you were normal. Now, if you don't have a computer - or one per school age child - you're disadvantaged. Back then, nobody had computers. We drive more, we replace our devices more regularly. We're more status conscious, we're more entertained.

So that $224... Has that just been eaten up by changes in expectation?
Fresh meat cuts was recently taken off, so a steak used to be allowed in - while now they include ground beef - which is clearly cheaper.
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themoops
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Ruby Member
TVs still last a good amount of time, say 10+ years.

Computers are shit.

Food certainly feels more expensive.

Property is way more expensive.

Natsem are morons.

Obviously if you bought before the boom you're laughing. They obviously don't take that into account because they're scum. I'm sure a lot of the whingers are people like this

http://www.theaustralian.com.au/news/nation/relief-from-mortgage-millstone/story-e6frg6nf-1226344189695

who have an ip that they can't afford.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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miw
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NotFooled
8 May 2012, 04:16 PM
In 1984 I think uni education for the kids was free (no hecs) and health & dental costs were definitely lower.
Correct. HECS didn't come in until the beginning of the 1990s, although I don't see why anyone should feel they have to pay their kids' HECs.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Frank Castle
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Business As Usual

audas
8 May 2012, 04:25 PM
Fresh meat cuts was recently taken off, so a steak used to be allowed in - while now they include ground beef - which is clearly cheaper.
Really depends where you get it doesnt it.

You can buy pork mince in 500gram packs at coles for $12-00 a kg
https://www.colesonline.com.au/webapp/wcs/stores/servlet/TopCategoriesDisplay?storeId=13552&catalogId=12552&state=QLD&krypto=AcuVQYzLlnfVAayFXj5tPg%3D%3D&ddkey=https:ShowWebStore

or you can buy pork eye fillet here for $9-99 a kg
http://superbutcher.com.au/online/custom/this-weeks-specials/

Works the same with beef mince
Coles is $12-00 a kg for premium
or SB have it for half that.


Same with most things, pays to look around.
I am actually a believer of, because of where I shop, that food is about the same price but the quality is better.
I use Wagyu for making curries FFS, buying it cheaper/kg than they sell pre cubed shit at woolies.
Edited by Frank Castle, 8 May 2012, 05:20 PM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Elastic
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Frank Castle
8 May 2012, 05:17 PM
Really depends where you get it doesnt it.

You can buy pork mince in 500gram packs at coles for $12-00 a kg
https://www.colesonline.com.au/webapp/wcs/stores/servlet/TopCategoriesDisplay?storeId=13552&catalogId=12552&state=QLD&krypto=AcuVQYzLlnfVAayFXj5tPg%3D%3D&ddkey=https:ShowWebStore

or you can buy pork eye fillet here for $9-99 a kg
http://superbutcher.com.au/online/custom/this-weeks-specials/

Works the same with beef mince
Coles is $12-00 a kg for premium
or SB have it for half that.


Same with most things, pays to look around.
I am actually a believer of, because of where I shop, that food is about the same price but the quality is better.
I use Wagyu for making curries FFS, buying it cheaper/kg than they sell pre cubed shit at woolies.
Stop it, you're making me hungry.
Only a rat can win a rat race.

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zaph
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Frank Castle
8 May 2012, 05:17 PM
Really depends where you get it doesnt it.

You can buy pork mince in 500gram packs at coles for $12-00 a kg
https://www.colesonline.com.au/webapp/wcs/stores/servlet/TopCategoriesDisplay?storeId=13552&catalogId=12552&state=QLD&krypto=AcuVQYzLlnfVAayFXj5tPg%3D%3D&ddkey=https:ShowWebStore

or you can buy pork eye fillet here for $9-99 a kg
http://superbutcher.com.au/online/custom/this-weeks-specials/

Works the same with beef mince
Coles is $12-00 a kg for premium
or SB have it for half that.


Same with most things, pays to look around.
I am actually a believer of, because of where I shop, that food is about the same price but the quality is better.
I use Wagyu for making curries FFS, buying it cheaper/kg than they sell pre cubed shit at woolies.
I've tried those type of butchers (maybe not that exact one) and have only had bad experiences. the prices are cheaper but the quality is crap, far worse than coles. if you buy at coles on special or reduced because it's reaching it's used by date the prices seem similar but the quality better. maybe i should try the exact one you mention.

when i lived in Aspley the local butcher had great meat at a price only slightly above coles. for the best meat, and anything exotic in Brisbane I recommend the meating place, but be prepared to pay.
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nipa hut
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Sunder
8 May 2012, 03:20 PM
...
* Computer
* Internet
* Mobile

You get my point? If now, you never eat out, you're poor. In 1984, if you never at out, you were normal. Now, if you don't have a computer - or one per school age child - you're disadvantaged. Back then, nobody had computers. We drive more, we replace our devices more regularly. We're more status conscious, we're more entertained.

So that $224... Has that just been eaten up by changes in expectation?
I think the computer / internet / mobile part cuts both ways, i.e. from both a consumer lifestyle expectation perspective, but also from an employability / income perspective. It might not be *impossible* to find a job using 1984-era methods today, e.g. using a typewritten resume delivered by post or hand, with a lot of help from referees who would not only vouch for your skills, but practically land you the job based on *their* family names, professional reputations and/or other connections.

But it is now hard to be fully competitive using 1984-era approaches: companies advertise widely--even internationally--for candidates, so there is a lot more potential competition for each position than before. They expect well-presented letter-perfect resumes delivered over the 'net in common file formats. They expect candidates and their referees to be readily contactable via e-mail and/or mobiles, as their candidacy progresses to a hiring decision. Indeed, most companies expect some degree of computer and telecommunications literacy, even for positions that don't actively engage such skills day-to-day.

And while referees remain important, but in most cases a good one can only assist a positive outcome, not guarantee it.

So while today's consumer 'enjoys' a great deal more consumption of computers and communications, on average, than his 1984 counterpart, some part of that consumption is also now the minimum price of entry to fully participate in today's employment market.

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