The saying 'the rich get richer and the poor get poorer' has never been more true than today. And for those of you whose income is from a 'job' or from selling your time (capped to 24 hrs in a day), understand you are losing ground economically speaking.
If you have been working for ten or more years, or have a family - you would probably have realized this by now.
Check out an example of this in Australia based on a review of the last ten years:
House price rises three times the level of wages: report
Tuesday, September 25, 2007
House prices have increased at three times the rate of wages in Australian capital cities over the past decade.
A research paper by Deutsche Bank analysts EMILY BEHNCKE and SALLY CLARKE says while wages have risen 56 per cent on average house prices in our major capital cities have increased 168 per cent since June 1997.--AAP.
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