The 2016 Federal Election is 1 week away with voting being held on Saturday, July 2nd (make sure you get out and vote, you don’t want to be fined!). A lot of young people, and hey perhaps mature people as well, may not entirely care about which party is in government and what policies they bring to the table (I know when I was 18 I really could not have cared less). However, as you enter your 20s and begin to make more financial decisions, surprisingly enough, you may actually begin to care about our economy. Don’t worry, it’s a great thing. Now listen, this article does not aim to spark political debate (I’m staying out of that mess), nor does it outline the opinions of the authors on who to vote for (everyone is entitled to their opinions). We merely wish to outline the importance of taking 15 minutes out of your week to read up on a few policies presented by each party and have a good think about what box you’re going to put that number ‘1’ in, because you never know how our economy will affect you in the future years to come.

Alright then a quick, simple recap first in case you have lived under a rock for the past year… Malcolm Turnbull stands as our current Prime Minister and is part of the Liberal Party, or also known as the Coalition. His opposition leader running is Bill Shorten, part of the ALP (Australian Labour Party). Got it? Perfect, let’s move on.

If you direct your eyes to this web page: http://www.abc.net.au/news/2016-05-13/election-2016-policy-big-issues/7387588 it will outline the main issues that should be thought about when choosing who to vote for, and where the parties stand. It covers the following and more:

  • Healthcare (particularly take note of the GP rebate freeze – no bulk billing? How could they!)
  • Tax cuts (see what tax cuts could affect you and your income)
  • Negative Gearing (where do you stand on this?)
  • Education (look up the Gonski plan)
  • Higher education funding (you may want to check out their proposed policies on VET)
  • Environmental schemes (carbon tax, do you care about our future planet?)
  • Climate change (yes, this is definitely something you should care about. Both parties have different goals regarding how much they can cut back on emissions by 2030 – and yea, there’s a big difference)
  • Penalty Rates (work in hospitality or retail and give up your Sundays to earn that extra double time? You may want to look in this then)

If you’re not sure where you stand on this year’s federal election, you may want to check out this questionnaire that will help you make more of a decision on who to vote for.  https://votecompass.abc.net.au/

So, please. Spend 15 minutes reading up on these policies because no matter what age, it’s important to care about where our economy is heading, even if you think it doesn’t affect you right now. The policies introduced now are plans for the next 10-20 years, so make your vote count people!

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