Census and Sensibility
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Did you complete the Australian census and what did the hosts think of it?
Hello, I'm Alan Coller, editor at large of Intelligent Investor and Finance Presenter, Columnist and Podcaster for the ABC. And
I'm Stephen May, contributor at Intelligent Investor, founder of Crikey Shareholder Activist.
And we are the Money Cafe.
We're the post census money cafe, Alan. We're meeting on the day after.
Did you do your census?
I did it. I did it two nights ago, actually. Um but uh I'm I was net disappointed that they weren't more ambitious. I mean, we're in the questions business. I mean I guess did did did you come out and say I guess we can b both agree we're both straight non religious male journalists, I guess.
Correct.
But then they didn't get any more adventurous than Are You Strait, did they? Really? I mean, why are they asking for our income but not asking for our net worth?
Yeah, look, I thought it was hopeless to be honest. It was just like this they could ask for so much more than they did, um, which would be interesting and and and important, I think, to to find out stuff. I mean, they didn't ask us whether we've got any pets.
Well, I thought about that. Councils have got the p the dog and cat data. So there is an element of what we ask that we don't know. So pets that maybe they can get away with it. But surely the split between E V and and and ICE vehicles. I mean asking about cust and if you're gonna ask about number of bedrooms, I'd have thrown in home you know, landline and number of televisions. You know, for cord cutting and just stuff like that. I mean it's not gonna cause a blue in the household 'cause you gotta watch that, but uh Yeah. Anyway. And um I mean work from home. Yes, there's work from home in there, but what about do you get any paid help coming in? Gardeners, cleaners or nannies? You know, that's a that's a trend in society which the government wouldn't have any data on.
And also are you using a are you using AI? And to what extent are you doing it? That'd be that'd be worth knowing.
And also the climate sort of insurance thing, are you insured for you know, not only just private health, but But uh catastrophe insurance, you know, um contents or, you know, total destruction insurance.
Yeah.
Anyway, but um look it shouldn't be too bad.
It took me about twenty minutes to do it. I mean I would have been happy to do it to take another another twenty minutes to to take twice as long.
Yeah. No, like I I agree. And even on the income one, I mean they didn't even split Labour and capital. Um I would have loved to have answered the question, what's your biggest uh Side hustle. You know, so you had to name your employer. Did you name the ABC or Investma, your number one employer?
Uh well I just uh the reason I named ABC is because it's easier to type.
Well I said invest smart, there you go. So uh but I wanted to start explaining about other gigs and talks are gonna there was sort of no provision for that. So it didn't really accommodate that multiple employer situation very well either. And my I guess my other big beef is having spent Seven hundred million and having thirty thousand people out there knocking on p people's doors last night, it's gonna take us almost twelve months to get the data. I mean Anthony Green should already be analysing the swing in favour of Buddhism and the swing against Catholicism and you know, the early booths show But Ten months to get the data released to the public? I mean, how do you justify that? Yeah.
Well we take Is that just
perfectionism?
The Australian statisticians take longer than anyone else in the world, I think, to come up with the national GDP. Take two months. The Chinese take two weeks. They do get it right. Chinese. The Chinese do it in two weeks. But they s but the the China starts with the answer, don't they?
Well
That's right. So
Anyway, so we're saying more questions, be bolder and do it faster. But uh apart from that, don't cancel it. It's is a useful exercise. It's only every five years and uh stick with it, just be bolder next time.
Uh they could probably do it entirely online now, don't you think? I mean th the pr they could probably forget about the paper one.
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Chapters
8 chapters
1
Did you complete the Australian census and what did the hosts think of it?
0:12–4:38
2
Why do the hosts think the census should ask more detailed questions about income, assets and household trends?
4:38–10:37
3
What are the key takeaways from Commonwealth Bank’s latest earnings report?
10:37–16:32
4
How did the RBA’s decision to hold rates affect the market and what’s the outlook for November?
16:32–22:33
5
Why are the hosts concerned about AI’s rapid growth and its impact on the tech market?
22:33–29:02
6
What is the current situation in the Iran‑Israel conflict and how might it affect global markets?
29:02–35:54
7
How will the shift to electric vehicles and falling fuel demand reshape Australia’s energy sector?
35:54–42:20
8
What listener questions were answered about AI‑driven job disruption, housing, and EV trends?
42:20–47:49