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flag Australians say young people are worse off, mainly due to unaffordable housing and rising debt.

flag A growing number of Australians believe young people are worse off than previous generations, primarily due to a worsening housing crisis. flag Over the past three decades, median house prices have soared from 3–4 times average earnings to 10 times, making homeownership increasingly unattainable, with 76% of adults agreeing it’s harder for young people to buy their first home. flag Thirty-five percent of those aged 18 to 34 say they are much worse off, and majorities across political lines share this concern. flag Housing Minister Clare O’Neil cited intergenerational inequality, pointing to government initiatives like a 100,000-home pledge and a 5% deposit program. flag However, the Coalition criticized the government for spending $57.5 billion without delivering significant construction, calling it bureaucratic. flag Independent analysis warns younger generations face heavier tax burdens and rising debt due to unadjusted income tax thresholds, with economists recommending a 2.5% increase to combat bracket creep and ease financial strain.

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