The fiscal storm confronting young Australia

Economic and demographic changes mean younger Australians are facing a perfect storm of bad luck -- and there’s no quick fix.

As if the Murray report had not put enough pressure on the government at the weekend, a new report from the Grattan Institute will add to that pressure by pointing out the growing divide in wealth, and opportunity to grow wealth, between today’s older and younger generations.

The ‘Wealth of generations’ report charts the end of something wonderful -- a 70-year run of strong wages growth that kept alive a pleasant example of what economists and demographers call the ‘generational bargain’.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles