If they are lucky enough to have genuine fRiends -- don't talk about relatives! -- most would be able to hang on for beyong three months the most, my kind estimate. Without such rare species called fRiends or buddies or mateys, they may have to hit the streets after jest ***30days, or sit at the corners with an outstretched hat, asking for alms. *** DOWN UNDER, those blokes pronounce as "30dies", which to Desi seems quite appropriate, don't you think so?
CAN YOU DEPEND ON THY "CARING GOVERNMENT" IN SUCH TIMES OF NEED?
Pennies from heaven, anywan?
We do have a Second Home programme too. Maybe poor folks can move into there/dare?
Yes Malaysians have a NegaraKu often termed as a LUCKY COUNTRY with a company called PETRONAS -- otherwise named National Oil Corporation, yes, in nama only! -- which has been reporting after tax profits runnig around RM60 billion the last few years...
But blokes from another LUCKY COUNTRY named AUSTRALIA -- where many Malaysians have relatives too, either as migrants or Second Home residents -- they are indeed reality LUCKY! They can fall back on a safety net calledTHE DOLE (hey,just whisper it okay! ...Some Malaysian offcials are pretty SENsitive,don't like this blardy 'swear word!:(
News from NEWS.com.au:
Third of Aussies would not survive on savings if they lost their job
By Antonia Magee
Herald Sun
July 15, 2009 12:01am
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+ - Print Email Share Add to MySpace Add to Digg Add to del.icio.us Add to Fark Post to Facebook Add to Kwoff What are these? Deadline ... four in 10 people said their savings would last only 30 days if they lost their job.
Third of Aussies would struggle unemployed
Don't have enough savings to last a month
Those aged 18-49 would be worst hit
MORE than a third of Australians would not survive on their savings for more than a month if they lost their jobs.
Debt collection agency Dun and Bradstreet's latest consumer credit survey found many Australians were unprepared for financial hardships associated with redundancies and sackings.
The survey examined plans for savings, credit use, spending and debt in the coming three months, the Herald Sun reports.
Four in 10 people said their savings would last only 30 days if they lost their job, while 38 per cent said they would have to use credit cards to cover household bills and other essential expenses.
D&B chief executive Christine Christian said the people struggling most were households earning $30,000 to $60,000 a year and aged between 18 and 49.
"There is a very large demographic of people who are first home buyers who have taken advantage of the government's first home owners scheme and many of them are feeling quite pressured at the moment," Ms Christian said.
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Derek of Melbourne
"They're OK at managing their mortgage repayments in these unusually low interest rate times, but if they were to lose their job, that would be dire for many."
Social researcher David Chalke said the results were not surprising.
"Many people in the younger demographics have not built up any liquid assets," Mr Chalke said.
"They either put their cash into superannuation or bricks and mortar and you cannot cash either of them in."
Mr Chalke said younger people had buffers against running out of cash.
"About a third of 18 to 34-year-olds live at home and another third could move home if money became really tight," he said.
Ms Christian said people should look at preparing a budget, changing insurance payments so they were more frequent and smaller and paying close attention to bills.
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