Skip to main content

Australian Immigrants Retiring to Home Countries

There was a joke going around in Adelaide in the 1960s when I lived there - all these Wogs will probably go home and live off of the Australian pension. Wog was a common term then. It referred to southern Mediterraneans, Greeks and Italians for example. English people were called Poms when immigrants were flooding in.

How a joke can become truth. People who have moved to Australia and indeed spent most of their lives here are going back to their home countries because of favorable exchange rates. Not so much the English. They seem to be staying here.

Between 2007 and 2012 the number of Australians living overseas and drawing the Aussie pension increased by 30 per cent. In the same period the overall number of Australian pensioners went up only 17 per cent. Recent changes in the budget will not affect those currently on the pension. Most will not be here when the pension age goes up to 70 years in 2035.

Most expatriates by far return to Italy and Greece in their twilight years. While the majority of citizens in Greece are doing it tough now, those on Australian pensions have guaranteed income. Others go to Spain and oddly, the Netherlands - there must be something tempting to move to a cold wet country from a hot dry one.

This group of baby boomers, however, will probably be the last ones to enjoy such a bonus. As people retire who have paid superannuation all their working lives it is inevitable that state funded pensions will be phased out. This is seldom admitted but it is the truth. Changes are being made now by government to ultimately benefit government.
Society by Ty Buchanan
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
     Australian Blog                         
ALL BLOG ARTICLES· ──► (BLOG HOME PAGE)
Share Article

Popular posts from this blog

Consuming More Tea and Coffee Prevents Diabetes - Doubtful

Claims about consuming certain things to improve health are way off beam. Every now and then supposed new research shows that if you eat this or don't eat that your health will improve. Years late we discover that the "experts' were totally wrong and your health was actually damaged. This happened with margarine, milk, eggs and so on. What is the latest? Well, apparently drinking up to three cups of coffee or tea each day reduces the risk of getting diabetes. Look around. Do you see people who drink these beverages regularly with diabetes? You sure do. There are thousands of them. The University of Sydney says “If such beneficial effects were observed in interventional trials to be real, the implications for the millions of individuals who have diabetes mellitus, or who are at future risk of developing it, would be substantial.” Their trials must be wrong. Surely millions of regular drinkers who have diabetes are thinking, "Why me? Why have I got the disease&qu

Anthropology Has New Theory on Australian Aboriginals

New theory on Australian Aboriginals - Anthropology. Australian Aboriginals split from Eurasians and moved south into the dry continent. Twenty thousand years later the world warmed up and Australia was cut off from its northern neighbors. This is the latest theory.  But when Europeans initially came to Queensland there were two types of native people. Each was a distinct genetic pool. One was like Papua New Guineans. The other was very slight and shorter. It is the latter that predominates today. Papua New Guineans Australian Aboriginals Some scientists still hold that there was only one move out of Africa. This is an unsustainable supposition. The doors for movement were always open. Australian Aboriginals were quite unique. It seems that they were the first to leave Africa. There is also the question of Tasmanian Aboriginals who were wiped out by arriving Europeans. There is no evidence of them now. They could not light fires. The flames had to be stolen f

Happy Cow

"Yes, I am content." ✿ Funny Animal Photos contented cow field Adventure Australia Funny Weird Things Articles News Reviews ● ⌘   Vista Computer Solutions Blog   ⌘ ✤ . . . . . . . . . . . . . . . . . . . . . . . .   . . . . . . . . . . cow content happy good life free field paddock green grass milk dairy COW NOT LEAVING HOME