Gina Rinehart, the richest woman in the world, has over the past few years become concerned about the direction of Australia according to her latest article in the Australian Resources & Investment Magazine.
“It goes back to something Australian’s used to understand well: almost every home understood that you had to earn revenue before you could spend it.”
Rinehart said we need to start living within our means. “It may not be popular, but we need to get back to these basic understandings.”
“The path of increasing debt that we are on will lead to the same problems than Europe has. This is some legacy our overspending is leaving for the next generations.”
“I hope our young Australians look at what’s happening in Europe and quickly realise the folly of the popular concept that money just falls from the sky without being earned, and that the government knows better than we how to spend our money and run our lives.”
Earlier this week, Mission Australia released the results of its latest National Youth Survey. According to the survey of 15,000 young people in the 15 to 19 age group, the economy is now the biggest concern for this group, pushing the environment out of the number one spot.
Getting a job and being able to afford a house is now one of the biggest challenges facing the young. Others have parents who have lost jobs.
17 Year old Maddy Stedman told the Sydney Morning Herald, “When people are losing their jobs or finding it hard to get a job, the environment takes a back seat. The reality of needing to earn a living overrides the environment.”
49 per cent of voters on a Sydney Morning Herald poll of 5819 people said getting a job was the biggest worry as a Teenager.
» Don’t overspend, Rinehart recommends – The Sydney Morning Herald, 6th December 2012.
» What young people fear most – and it’s not the environment – The Sydney Morning Herald, 5th December 2012.