Australia’s decline is happening before our eyes - so can it be fixed Daily Mail

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Australian society is at risk of fraying because of worsening wealth inequality and a dangerously narrow focus on mineral exports, an American finance expert says.

Despite its reputation as a stable and prosperous 'lucky country' with strong legal institutions and stunning beaches, Australia faced serious prosperity challenges, Darin Soat warned in a video posted to YouTube.

He said that while Australia's abundant mineral resources had created wealth, much of it has been eroded by 'outrageously' unaffordable housing - leaving mortgage holders and renters with very little money in the bank.