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NSW Residents Believe Their Neighbourhoods Are Safer: ABS

In 2008, more than half (55%) of people in NSW did not think there were crime or public nuisance problems in their neighbourhood according to figures released today by the Australian Bureau of Statistics. This figure has risen from 47% to 55% between 1999 and 2008.

NSW Seniors Are Living Longer And Are Better Off

NSW seniors are living longer and are better off. The average life expectancy of people living in New South Wales has increased by nearly ten years from 1974 to 2006 according to a new report released by the Australian Bureau of Statistics (ABS) and the NSW Department of Ageing, Disability and Home Care.

More Than A Third Of Brits (35 per cent) Are Likely to Consider Moving Abroad When They Retire

- Rising costs in Britain are also a factor for Brits considering moving abroad, as the new breed of retirees, dubbed 'emi-greys', worry that their pensions simply won't go far enough at home. Almost half of us (47 per cent) believe the UK is too expensive to live the life that we want to lead, and a worrying 28 per cent of people do not feel they can afford to stay in the UK when they retire.

The greyer, the better for rural towns Older residents seen as asset to smaller communities

A new study determined older Americans who retire to rural areas quickly become involved and are a tremendous asset to addressing both immediate and longer-term needs, such as public transportation and health care for older in-migrants.

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Forget Easy Street, Gen Y Workers Warned

By Matt Sun and Rachel Hewitt

Mx

THE era of highly paid positions in cruisy offices is over, with a new period of rising unemployment and lower spending.

University of Western Sydney professor of economics and finance Steven Keen said Gen Y workers should prepare for a shock on the back of the worldwide credit crisis.

He forecasts unemployment could rise from around 4.5 to 8 per cent by the end of 2009.

"Gen Y have been able to pick and choose jobs - that's gone," Prof Keen said.

"In many ways Gen Y is about to get the same emotional shock that was felt in (Great Depression) 1929 when 1930 hit.

"We are seeing the second stage of the credit crunch . . . people (will) stop borrowing money or choosing to pay down their debts, so they can't spend as much on employment."

Prof Keen said Gen Y workers would have to hang on to their jobs, because "it will be harder to find a replacement and you won't be able to shop yourself around too much".

He said the finance industry was assuring people the crisis would soon be averted but that it had historically got "it very badly wrong".

"You will see plenty of finance sector jobs go soon and then retail trade will be hit, as those companies will bear the brunt of the household spending reduction," he said.