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baby boomers

To the aged (and soon to be aged) of Australia - Article by Vanda Amandanstone

From the Minister for the Aged:

I need to let you people know that you have had it pretty good so far but you cannot expect things to continue as they are. You Baby Boomers are in fact an impending liability on the country. Having said that (and in a way, I wish I hadn't) you are probably mostly still in the workforce, but think what a drain you will be when you have finished your useful, paid, working life. I warn you that you will all need to pull in your belts, in the interest of Team Australia (pardon the expression but it is so very suitable in this context!)

Baby Boomer to Gen Y on home ownership

(Article by Sally Pepper)

Hello, I’ve heard that some of you are resentful and angry with our generation because we were able to buy houses and pay them off with one salary in a short time. Well I’m not sure that many of us were able to do it all that quickly but we were able to service a mortgage even at high interest rates on one salary. This meant that you, Gen Y had one parent who could, if they chose not to work full time outside the home, devote quite a lot of time to you in your early years when you needed it. Furthermore, the main bread winner and mortgage-servicing parent, usually the father, did not work the long hours expected now, which meant that actually both parents were able to spend a respectable amount of time with you, Gen Y, at that critical time called childhood.

Economics alone cannot be the simple rationale for justifying a "big Australia"

Bernard Salt's main concern is that we need strong population growth to support a rising tax base in the coming decade. His view is that after 2020 it will be a bleak time for Australian investors, as baby boomers retire off. Bernard Salt says that there's a strong need to lift the number of taxpayers in Australia during that period to pay for the retirement needs of the baby boomers.

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