The economic gap between generations is on track to reach record levels
The economic gap between older and younger generations in Australia is widening and may reach record levels. Research indicates that younger Australians are facing increasing challenges in areas such as housing and economic stability. While all generations have seen improvements since 2000, the disparities in wealth accumulation and home ownership are becoming more pronounced for younger people.
- ▪Inequality between generations is growing, particularly in economic, housing, and environmental domains.
- ▪It now takes an average of 11 years to save for a 20 percent deposit on a home.
- ▪Home ownership among people aged under 35 is at levels not seen since 1947.
Opening excerpt (first ~120 words) tap to expand
Economic gap between older and younger generations on track to reach record levelsBy business reporter Adelaide MillerTopic:Housing PolicyFri 29 May 2026 at 1:17pmFri 29 May 2026 at 1:17pmFri 29 May 2026 at 1:17pmMady and her family are finding it tough to balance the household budget. (Supplied: Mady)abc.net.au/news/intergenerational-inequality-growing-and-could-reach-record/106674280Link copiedShareShare articleWhen it comes to saving money, Mady, who has four children, has tried almost everything.Her family of six, who live in Central Queensland's Rockhampton, has already cut back on subscriptions, halted renovations, and compared health cover and insurance options."We're finding it harder and harder and just stretched very thin to afford, well, basically groceries and everything like…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).