Gday Renato
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The easiest way to see that the wealth isn't illusory is just to go on an overseas trip. You just keep running into Aussies everywhere,
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I agree partly, and a lot of that is due to our high ( relative ) dollar, and the fact that the cost and time of international transport has dropped dramatically.
Also, ( as mentioned by a friends young daughter ), a holiday cant be repossesed later, whereas trying to buy something real that you cannot afford can :-)
I also agree we are "currently" really well off relative to a lot in the world, but part of me also says thats because we have squandered the legacy of our parents generation to get there, and are starting to steal from the future to stay there.
Sorta like having a party with the credit card.
Somewhere underneath it all, we will need to make "real" money to pay for it, and the current trends for that in this country arent looking as good as they should be.
Andrew