Post by poetinahat on Mar 17, 2018 22:04:37 GMT -5
Yeah, I've had a lot of time on my hands the last couple of weeks (riding motorcycle home, car with probationary license, hospital, yada yada), so these things find me. Still a few Bowie songs tug at the heartstrings, but this made me smile. If they come around locally, I'll go see them!
Last Edit: Mar 17, 2018 22:05:00 GMT -5 by poetinahat
Post by poetinahat on Feb 13, 2018 21:14:56 GMT -5
Yes - it's hard to argue for saving, especially if college education is out of reach, and home ownership is nearly so.
One thing I love about Australia - mandatory superannuation (aka retirement savings). On top of your pay, your employer is required to put 9% into a fund of your choosing, which you can invest, but can't withdraw until you reach retirement age. It's forced saving, and it's fantastic. Proceeds are taxed at a much lower rate than income (say, 15% compared to 40-50%), until you start withdrawing - which encourages more saving, if you can afford it. Also, you can contribute more to the fund, but there's an annual maximum.
Unrelated: tipping isn't customary here. Waiters and the like are paid better - the minimum wage is, well... here
The cost of living may well be much higher here, especially in cities. But in general, it seems to work. (On the other hand, the median house price in Sydney is now over $1 million - so home ownership is out of reach for many, if they want to live in the big smoke. OTOH, Medicare means a standard doctor's visit is free.)