There is no question of a doubt that a dignified level of care must be provided to the elderly, whatever the cost, however it is unreasonable that the public sector should bear the cost for those that can afford to do so themselves. At present single people and couples with both partners in care can keep $210,000 in assets before their assets are used to contribute to the cost of the care (this threshold is increased by $10,000 each year).
Total car sales are 30% below where they were four years ago before the Global Financial Crisis. We investigate whether car sales will return to their former level within the foreseeable future.
Australia’s two-speed economy, a situation where exports arestrong and domestic demand is weak, isn’t that bad. Buoyant exports areprotecting Australia from many of the problems facing other developed nations.
I recently began my first job as a graduate, and have decided to begin repaying my student loan as slowly as I can. I could voluntarily increase my repayments, but I choose not to for now. My decision is the product of distorted incentives and sound economic reasoning.
Financial markets continue to be battered amid theunresolved European sovereign debt crisis. The risks and uncertaintysurrounding this situation have greatly influenced our outlook for both theglobal and domestic economies. This article outlines how Europe got to whereit is today.