The keys to ensuring Australia’s economic future

Australians are slowly beginning to realise that the salad days of the mining boom are over, but what comes next?

Australia’s once-in-a-lifetime mining boom created complacency among Australian consumers, businesses and investors. According to Reserve Bank deputy governor Philip Lowe, “retailers thought it natural that their sales grew more quickly than people’s incomes”.

“Many investors thought that earning capital gains on their existing assets was the key to wealth creation.” Admittedly, many of them still do!

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