Over the weekend, I watched a new Aussie movie called "Three Dollars".
It starred David Wenham and was filmed in Melbourne. It depicted a story of a young couple, who faced the 'ups and downs' of life, as most people do.
However, an unexpected job loss brings considerable financial difficulties for the family (in the movie).
This is probably a movie for the moment because job losses are now happening more frequently. Workers lose jobs when companies collapse and there have been a few collapses.
NAB has been reducing job numbers and continues to do so. Telstra looks like it will continue to reduce staff levels as part of T3. Rebel Sports has announced it will close 3 stores.
Increasingly, households will reduce debt levels by repaying debt, if they are able to do so. The credit card debt level at over $30 billion is a big problem (for the portion that is not fully paid each month) because of the high level of interest rates. People who pay those high interest rates would find it hard to find investment returns that can generate a similar rate of return during their lifetime.