THERE is an air of doom and gloom being expressed by many in the Australian community.
But compared to the rest of the world, it is time to look at what is the true reality of our lifestyle.
In the European Union, unemployment is averaging more than 13 per cent. In America, it is more than 8 per cent and static.
The UK is entering the third phase of a deep recession.
Many of the leading countries of the Western world have high inflation and those countries’ currencies are also under attack. Consequently, living standards are falling.
Now let’s look at Australia.
Our unemployment level is at 5.3 per cent, which is considered by many as being full employment.
We have not had a recession for 21 years and we have inflation under control.
Our banks are financial with bank accounts paying a sound interest rate; that is not so around the world.
Our dollar is high against all the world’s main currencies and eight million Australians travelled overseas in the last financial year.
We have one of the highest standards of living, and the average Australian home is more than three times the size of the average home in Britain, the European Union and the United States.
Per head of population, only the US has more cars than Australia.
Considering this, is it not time to cast off this air of doom and gloom, keep smiling, and be grateful that we live in Australia?