Thursday, January 12, 2012

Cost of living in Perth - no retirement for us.

"London. New York. Paris. They're all cheaper to live in than Perth, according to an international study.

The WA capital is the 13th most expensive city in the world, ahead of the likes of Vienna, Rome, Berlin, Hong Kong and Beijing, the Economist Intelligence Unit's bi-annual Worldwide Cost of Living survey has found."


We are obviously feeling the pinch and having a hard time keeping up with the ever increasing cost of living here in the West.

My friends and I all know that it is expensive to live here in what has long been called, " the lucky country" and dread having to manage on retirement pensions and if lucky superannuation handouts assuming they have not all been whittled away by the vagaries of the share markets. Not for us retirement; it appears obvious that many of us will have to keep working in part time positions to supplement the inadequate retirement payments.

I imagine younger Aussies who are coining it in the mining sector, look without too much sympathy on we older Aussies who have worked hard all our lives only to be left earning modest incomes in public service, e.g.. teachers, nurses, police officers, firemen and the like. Many of us now too long in the tooth to head off to greener pastures, to earn the, "Big Bucks". The two tier economy is alive and well and living here in the West.

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