Comment on Younger people now even cutting back on essentials, as older Australians spend up on cruises and restaurants

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morry040@kbin.social ⁨11⁩ ⁨months⁩ ago

A big difference, however, is that houses in the 80s were 3-4 times the average income. Now that ratio is about 10x.
Younger generations always need to work harder than older people, yes, but the major difference is that working hard these days doesn't provide the same rewards that it once did.

https://www.finder.com.au/owning-a-home-in-the-80s-vs-today

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