Social Security\u00a0<\/mark><\/h2>\n\n\n\nAustralia’s social security system is well-defined and structured, one of its biggest advantages. As a result, high-level discussions have taken place about how to reform the U.S.’s social security system based on what Australia has learned. <\/p>\n\n\n\n
FICA (Federal Insurance Contributions Act) funds the American social security system. Those who have contributed enough to the system are eligible to receive old-age benefits. Therefore, most people begin receiving their benefits at 62, with benefits increasing as they approach the age of 67 and 70. <\/p>\n\n\n\n
Social security benefits are the main source of income for most Americans in their old age rather than savings. Due to how the system is structured, even old people who are capable of taking care of themselves without assistance end up receiving benefits. <\/p>\n\n\n\n
The Australian social security system combines voluntary savings, superannuation, and the Age Pension funds retirement in Australia. However, the Australian system, which is means-tested, differs vastly from the American one. <\/p>\n\n\n\n
In a means-testing system, only beneficiaries whose income does not meet a certain threshold receive benefits. Benefits are reduced or eliminated for those earning more than the predetermined threshold. <\/p>\n\n\n\n
Australians have also saved more for old age due to the mandatory Superannuation Guarantee program, which has allowed them to live a more comfortable life than Americans. Employers must contribute 9.5% of their workers’ earnings toward superannuation for employees between 18 and 70. <\/p>\n\n\n\n
According to research conducted by Boston College’s Center for Retirement Research, nearly every Australian has enough income for retirement, unlike in the U.S.
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Lifestyle:\u00a0<\/mark><\/h2>\n\n\n\nThe Australians are more patient than Americans, who value time more than anything else. It shouldn’t surprise you that the locals aren’t rushing to get things done. <\/p>\n\n\n\n
There is, however, one cultural difference Aussies call the “tall poppy syndrome.” Standing out and making yourself heard is essential in the U.S., but it’s frowned upon or regarded as attention-seeking in Australia. International residents are less judged if they are more laid back and do not demand the attention common in American culture. <\/p>\n\n\n\n
Australia also has a more cordial work culture than the U.S. It is common for managers in Australia to spend evenings and weekends with their subordinates. In contrast, most managers in the United States rarely interact with their subordinates.<\/p>\n\n\n\n
People who spend more time with their superiors often receive promotions more quickly. However, you have to show results to get a better job or higher salary in America.
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Rate of crime\u00a0in Australia than in America<\/mark><\/h2>\n\n\n\nCompared to the United States, Australia has a much lower crime rate. As a result of the low crime rate, police officers don’t even carry guns. Batons are the only weapons they carry. There would be days of television coverage if a gun were used to kill. It is that safe in Australia. <\/p>\n\n\n\n
Life Quality\u00a0<\/mark><\/h2>\n\n\n\nThe quality of life in Australia is much better than in other countries. One of the world’s most livable cities, Sydney is considered to be the most beautiful city on earth. Four capital cities are in the world’s top 10 most livable cities, including Perth, Melbourne, Sydney, and Adelaide. In contrast, no American cities are included in the list. <\/p>\n\n\n\n
Infrastructure programs for the public\u00a0<\/mark><\/h2>\n\n\n\nEurope and the United States have better public infrastructure than the rest of the world. And Australia is no less in this term. The government invests in expanding and maintaining public infrastructure, monuments, and other public buildings, even with a relatively small population. As one of the most sophisticated contemporary infrastructures in the world, the Sydney Opera House stands out from the rest. <\/p>\n\n\n\n