Young people are continuing to bear the brunt of rising interest rates and rent while older Australians are still splashing out, new spending data indicates.
  • M500@lemmy.ml
    ·
    10 months ago

    My parents keep asking my wife and I to fly out to spend time with them.

    They don’t get that we are trying to save for a house. Like, I do want to fly out and visit you, but we live in different countries and once all things are considered, we will be paying a huge amount of our savings to go out.

    My wife and I just got to a point where we can start to save good money each month. Our parents owned their own home by the time they were our age. It’s like we have to play this game of catchup to have some stability.

    • vividspecter@lemm.ee
      ·
      10 months ago

      And people who rent, which is a majority or significant minority depending on how you define young.

  • Nonameuser678@aussie.zone
    ·
    10 months ago

    I love that generational inequality can be measured in this way. It would be great to see how different policy changes in the last 50 - 60 years correlate across generation groups.