Part 6/8:
Despite the seemingly positive indicators of full employment and rising wages, the reality for many Australians is less optimistic. High living costs, particularly housing affordability, and rising levels of personal debt pose significant challenges. Moreover, mental health issues are increasingly prevalent, suggesting that a growing number of individuals feel disenfranchised within the current economic structure.
The disconnect between perceived job security and actual financial stability has led many, especially younger generations, to feel like working poor. This sentiment represents a growing disillusionment with the social contract, indicating that the current management of Australia's economy is insufficient to meet the needs of its citizens.