Preview

Household Debt In Australia Essay

Good Essays
Open Document
Open Document
539 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Household Debt In Australia Essay
Household debt is increasing, Australians can’t afford to stop working. Is there any hope?

Bali may be the answer to your prayers.

Bali Adventures, the company that helps people travel to and enjoy Bali, Indonesia are claiming that this is the ultimate destination to improve your health and increase your ambition and drive without creating further debt. Now with the new changes in tourism by the Indonesian government and the multitude of activities to cater for all, a holiday to Bali is looking like a necessity for all Australians.

It’s no secret that Australians are accumulating debt. The bureau of statistics states that household debt stands at 1.84 trillion dollars which is the highest it’s been in the last 25 years. Along with debt comes stress and the need to work harder. Due to the increase in both stress and debt, many Australians are putting a
…show more content…
Whether you’re an adrenalin junkie and want to go white water rafting or a foodie and want to learn how to cook the traditional cuisine, Bali will have you highly engaged.

Bali is a destination that’s rich in culture and diversity, there is so much to learn and excite your senses. Exposing young children and teenagers to this environment can really expand their minds. A recent survey confirmed that children who travel to different countries and experience different cultures perform better in school and have more successful careers.

Real magic exists in Bali. Imagine this. You are waking up every day to an hour long massage (costing you $7). You are sitting on a white sandy beach sipping a mojito (costing you $4). You are taking time to just enjoy the moment and re-evaluate your life (Free). You have an almost limitless list of things you can do today or tomorrow if you choose that won’t put you further in debt. You feel refreshed, rejuvenated and alive. You have a greater sense of purpose and direction. You need to be in

You May Also Find These Documents Helpful

  • Better Essays

    Before discussing the extent of poverty in Australia, it is first crucial to mention the difference between absolute poverty and relative poverty. Absolute Poverty is a situation where deprivation is extreme because people do not have access to the basic necessities such as food, clothing, and shelter. In contrast Relative Poverty is a situation in which the incidence of poverty is measured relative to things such as average weekly earnings or income per head. Therefore poverty, as talked about in Australia is the state where income is insufficient to meet the minimum needs of the household or individual.…

    • 1515 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Indonesia’s colonization was due to the sea lanes - prime location for trading and their exotic resources. Within the first decade of the 16th century the Dutch became the largest European group within Indonesia and had established the Dutch…

    • 256 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    For those of you pondering the thought of visiting the picturestic beaches of Indonesia, I would think twice. Especially, if youre a tourist who is a homosexual or if your plans dont include swimming with pants on. This is to also include anyone who is Christain by faith because Sharia Law is in full effect in this tropical paradise. Dont believe me, just ask the families of 8 drug runners from other countries who were were delt death by firing squad in 2015.…

    • 345 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The biggest challenge that many American families are facing after the 2008 recession is managing a monthly budget adequately. The fact is that many families increased their debt by borrowing more than their allocated budget. Americans need to learn to live base on how much they earn. Our first reaction, when in debt, would be to make up excuses as to why we are in that situation. Some of us will even try to blame relatives or credit card companies when faced with excessive debt. It is families, who do not budget properly, that end up losing their homes and vehicles to banks or lenders (msn, 2009).…

    • 890 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In addition, the Gini coefficient, “which directly relates to the graphical depiction of inequality provided by the Lorenz Curve” , shows Australia rising from 0.307 in 1995/96 to 0.345 in 2007/08. This large increase in the Gini coefficient of around 0.25 to over 0.30 was a result of the 1991 recession, in which “long-term unemployment became entrenched and underemployment rose sharply”, causing long lasting inequality in the income and wealth distribution.…

    • 548 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Individual Essay Hawaii

    • 4265 Words
    • 18 Pages

    Today Hawai’i is perceived as paradise by millions of visitors each year. There were over eight million visitors to Hawai’i in 2012 (Hawai’i Tourism Authority, 2012, p. 9). Whether tourists come to relax on the pristine beach or to explore the exotic rainforests and waterfalls, Hawai’i is a little slice of heaven (The Guardian, n.d.).…

    • 4265 Words
    • 18 Pages
    Best Essays
  • Satisfactory Essays

    Debt

    • 809 Words
    • 2 Pages

    Unfortunately in today’s demanding society, many find themselves racking up thousands of dollars of debt. There are many different reasons as to why people wind up in this mentally and finically stressful position. While some people are just fiscally irresponsible and lack personal discipline; others that are much more responsible aren’t immune to debt, they can be hit with an unexpected medical bill or job loss. Living outside of ones pay check and unexpected medical incidents are some of the more common way people fall into debt.…

    • 809 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    If you are in debt, you need to get rid of this financial and emotional nuisance as soon as possible. Never mind your credit rating. Do whatever it takes to become debt free and never borrow again. There is no financial advantage to having debt. In years past, there would be people who would talk about good debt and bad debt. Of course, good debt was money borrowed for investment purposes and was usually a mortgage for a home. We learned in 2008, when the real estate bubble collapsed, that you can lose a great deal of money by having a mortgage. But even now, there are those who would make an argument to have a mortgage versus renting, and some of these people can make a good argument. I sit…

    • 401 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Are you sick of your everyday life ready to get out of the norm? Are you ready to get away already? How does a vacation sound? If that sounds good to you I have the perfect place to go, one of the most ravishingly beautiful places on earth, you may ask does this place really exist and if so where is it? And I answer you with a yes this place does exist and the name of this place just so happens to be Australia. Australia happens to be one of many beautiful travel destinations still left on earth with many tourist destinations, beautiful coral reefs, and some of the cleanest water and beaches left on the planet. And I’m hoping after you read this I have interested you in taking a trip to one of my more favorite travel destinations in the entire planet.…

    • 600 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Greed

    • 397 Words
    • 2 Pages

    Basketball Association (remove a certificate or certification from the NBA), because he felt he could never make what he was "worth" under the current agreement. Michael Jordan had an estimated income of $33 million in 1994. Last year, Major League Baseball players went on strike because they felt the deal that the owners of MLB were proposing wasn’t fair. The minimum salary for a major league player is $119,000. For the first time in 90 years, there was no post-season baseball, and no world series, due to the players going on strike.…

    • 397 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Hawai’i is known by the rest of the world primarily for its tropical weather, exquisite scenery, and luxurious resorts. Millions of tourists visit Hawai’i annually with the intention to forget their worries within this perceived paradise (http://www.hawaiitourismauthority.org…

    • 750 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Fall Into Debt

    • 696 Words
    • 3 Pages

    In today’s financially demanding society, it is unfortunate that some people find themselves having to pay off large sums of debt. It can be a mentally stressful situation. There are many different circumstances as to why people accrue debt. Some struggle with financial discipline and personal responsibility. While others who are more responsible, can still succumb to debt if they suffer a sudden job loss and can’t meet the financial requirements they are obligated to. Money mismanagement and unexpected occurrences are some of the most common reasons why people fall into debt.…

    • 696 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Life And Debt Essay

    • 549 Words
    • 3 Pages

    The 2001 documentary Life and Debt examines the impact of IMF and World Bank’s ‘structural adjustment policies’ (also called ‘conditionalities’) on Jamaica. The IMF started lending to Jamaica in 1973, after years of extreme poverty were followed by the ‘oil shock’ that created a global economic catastrophe, eventually leaving the country about $4.6 million in debt. The loans were front-loaded with conditions, requiring Jamaica to “enact major economic reforms, including trade liberalization (The removal or reduction of restrictions or barriers on the free exchange of goods between nations.Investopedia online. Retrieved 9/13/16 from http://www.investopedia.com/terms/t/trade-liberalization.asp) and privatization (to transfer from public or government control or ownership to private enterprise. Dictionary.com, retrieved 9/13/16 from http://www.dictionary.com/browse/privatization?s=t), and regulation.…

    • 549 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Debt Is Inevitable

    • 370 Words
    • 2 Pages

    Unless commitment and purpose is used, debt is inevitable. An abundant amount of Americans taste the harsh reality of being in debt at least once in their lives. It requires work to manage money in the way that it should be managed. The stress of obtaining a debt is an unwanted, undeserved,…

    • 370 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The Subak: Bali’s Irrigation System, Cultural Landscape Based on Tri Hita Karana Philosophy: a UNESCO World Heritage: Confronting the Challenges of Globalization…

    • 3179 Words
    • 13 Pages
    Powerful Essays