Why Are We All So Broke? cover art

Why Are We All So Broke?

Why Are We All So Broke?

Listen for free

View show details

About this listen

 We’re earning more, spending more, and yet we feel worse off. This week, we explore why the vibes feel recessionary even as the data tells a different story. Ireland’s tax take is at a record high, €88 billion in total, with €25 billion from income tax, €20 billion from VAT, and €23 billion from corporation tax. Government spending has surged from €60 billion to €100 billion in just a couple of years. Disposable income grew by 5% last year, but inflation hit 7%. Wages are up, but prices have risen more. We dive into how this mismatch plays out in real life. While older homeowners have seen the value of their assets rise and their debt burden shrink, younger people are being creamed, dealing with high rents, high living costs, and little to no ownership. The economy is technically doing well, yet people feel squeezed. If we’re working more, consuming more, and the state is taking in more than ever, why do we all feel so broke? Maybe the problem isn’t economic, maybe the vibes are telling the truth.

Hosted on Acast. See acast.com/privacy for more information.

What listeners say about Why Are We All So Broke?

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.