Can you name the fastest-growing category of spending for the average Australian household?Smart money: The most powerful way for most people to boost their income is through a simple dedication to maintaining and improving their skills. Illustration: Dionne GainIf you answered toilet paper, nice try, but I'm after a large umbrella category of spending, and my figures are a bit older than that.If you answered energy bills or health insurance premiums, also a good try, but also wrong.
But as mums of young children storm into the workforce, spending on external childcare services – including pre-school, formal and informal childcare – doubled over the six-year period between the ABS surveys. For private school parents, there is not much they can do to restrain increases in fees, besides complaining and pulling their children out into the public sector. This lack of consumer power has resulted in huge fee increases in some years.As for childcare, private providers have also been able to exploit open-ended subsidy arrangements from the government, whereby the taxpayer was on the hook for a fixed percentage of any fee hikes.
In the public sector, governments have ramped up spending per student. In the private sector, parents have made the deliberate decision to spend their hard-earned income on education. Indeed, numerous studies reveal a significant lifetime earnings premium for graduates versus non-graduates . The ABS doesn't disagree but clusters such costs under a separate "recreational and educational equipment" category. It also has another category for "recreational and educational services", which includes not only gambling and ten-pin bowling but also "cultural fees", such as museum and gallery visits. You might like to also consider setting aside some money for the latter in your education budget.
Of course it has. It stands to reason that the cost of education would rise; that's what happens when a commodity is in short supply, as education has become here.
It was free from about 1974 until about 1987 - a Whitlam legacy. He hoped more of less affluent and women would manage to study and get degrees.
Govt already deliberately, over almost decade, destroyed TAFE, replaced with fake job provider courses. Stop lyin
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Players commit to Monday return but awaiting details before trainingNRL players will return to club duty for Monday's biosecurity 'education day' and hope to be back on the training paddock afterwards pending further clarity on their workplace conditions 😊 BradWalterSport Just give Cam Smith another free $200k with another testimonial and I'm sure the rlpa will sign off straight away. Have you got enough crayons for the Covid Colouring in books ? Remember these meatheads are going to eat most of them
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