The Australian retirement dream is being destabilised by the rising cost of home insurance, as retirees on fixed budgets find themselves unable to absorb skyrocketing premiums.
Their generation caused climate change, now they’re complaining about living with the consequences. No sympathy.
For decades they’ve been being told that there would be no more polar ice caps, that half the country would be underwater, and all sorts of other doomsday “global warming” stories would happen “in the next 10 years”, and none of them happened after 40+ years, nor are they any closer to happening. At some stage people start ignoring the person crying wolf.
“Climate change” isn’t making anything more expensive. The cost of living caused by ~50% inflation since 2020 is doing that, including insurance. Insurance payouts now cost significantly more because everything costs more, so premiums increase even more significantly.
For decades they’ve been being told that there would be no more polar ice caps, that half the country would be underwater, and all sorts of other doomsday “global warming” stories would happen “in the next 10 years”, and none of them happened after 40+ years, nor are they any closer to happening. At some stage people start ignoring the person crying wolf.
“Climate change” isn’t making anything more expensive. The cost of living caused by ~50% inflation since 2020 is doing that, including insurance. Insurance payouts now cost significantly more because everything costs more, so premiums increase even more significantly.