When it comes to those in their 30s, Grattan Institute data shows that in 2016, 30-year-olds contributed twice as much to support older Australians’ living standards than Boomers did at 30. And that’s adjusted for inflation. … The data projections expect 30-year-olds in 2041 to be paying nearly four times more.

Solid data behind the ladder pulling younger generations have been calling out since before the whole “avocado toast” boomer entitlement.

this generation has contributed more to support older generations … in part, because more well-off, older Australians are paying less tax.

I guarantee boomers and Gen-X won’t support a rebalancing, especially the type of rebalancing required — where housing being treated as an investment vehicle needs to cease via a dozen extreme regulations, like banning ownership beyond a single investment property, banning of all corporate ownership including SMSF’s, banning of non-resident ownership, extreme taxes for empty property (and most penalties beyond a sensible grace period including outright forfeiture of the entire asset).