Aussies In Their 20s Doing It Toughest In Cost Of Living Crisis

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  • Опубликовано: 22 май 2024
  • A new report has found that Aussies in their 20s are doing it the toughest during the cost of living crisis, but those over 65 have been increasingly opening their wallets.
    #CostOfLiving #Inflation #CostOfLivingCrisis

Комментарии • 67

  • @MrBibi86
    @MrBibi86 Месяц назад +36

    *Dining out and holidays? what are those!? I'm lucky if I can afford to put butter on my toast for dinner at the moment*

    • @AnthonyTolhurst-dw1nc
      @AnthonyTolhurst-dw1nc Месяц назад +3

      They call it “foregoing the luxuries”. Butter on bread: a luxury? Or so they say!

  • @TheLankdaddy
    @TheLankdaddy Месяц назад +21

    Many young people (myself included) feel that older generations have consumed a disproportionate share of resources, including affordable housing, job opportunities, and social security benefits. This has left younger generations struggling to achieve financial stability and access the same opportunities.

    • @coldpotatoes2556
      @coldpotatoes2556 29 дней назад

      Yeah the boomers screwed you over so they could go on 3 round the world cruisers a year in their retirement with their ill gained tax benefits, that should have gone towards supporting the generations below them. I have nothing but contempt for them.

    • @joelc9439
      @joelc9439 27 дней назад

      Don't forget to blame your younger peers who also waste a lot of money don't explain the old generation!!

    • @HIKKUPZZ
      @HIKKUPZZ 12 дней назад

      also don't forget to blame your younger peers who support over 10,000 migrants/immigrants/refugees per week coming to AUSTRALIA thus competing for housing and said resources you referenced.

    • @anonmouse15
      @anonmouse15 3 дня назад

      Don't worry, the Grim Reaper will wipe the slate clean, as always.

  • @keirenle
    @keirenle Месяц назад +30

    House is for living. If everything you earned goes to accommodation then naturally you have nothing left for discretionary

    • @coopsnz1
      @coopsnz1 Месяц назад

      50% goes to taxes a renter , do you drink & smoke ???

    • @keirenle
      @keirenle Месяц назад +1

      @@coopsnz1 I am not quite sure what you mean.

    • @coopsnz1
      @coopsnz1 Месяц назад

      @@keirenle government steal to much of your money why you poor ! There more than 125 taxes in oz

    • @coopsnz1
      @coopsnz1 Месяц назад

      @@keirenle fuel tax alot " gambling tax alot " luxury cars tax alof.

    • @anonmouse15
      @anonmouse15 3 дня назад

      ​@@keirenle I think they are having a stroke.

  • @belle2263
    @belle2263 28 дней назад +5

    It's not just young people it's us that are in our 40s too. Most of us are divorced female with kids. We are middle income and struggling as well. Don't forget other cohorts that are also struggling

    • @joelc9439
      @joelc9439 27 дней назад

      And don't forget these illegal immigrants who get things for free..

  • @lindabruce9913
    @lindabruce9913 25 дней назад +2

    The question is why is the. economy crook and how to fix it.

  • @ilikevines
    @ilikevines Месяц назад +5

    The baby boomers were the first generation to care more about themselves than their children (this is why they started the trend of below replacement birth rates). This led to a culture of where the old sacrifice the young for their own benefit and millennials and Gen Z have continued the destructive trend. When the old outnumber the young as a cause of their self-centeredness it's an inevitable consequence that the scale keeps getting tipped in the elderly's favour.

  • @Hayley-kf3ux
    @Hayley-kf3ux 25 дней назад +4

    Watching from Wales, this is first time I've seen comments allowed on cost of living news article this evening ...is there a freedom of speech issue in Australian media?

    • @feral4mr2
      @feral4mr2 24 дня назад

      yep, censorship overload coming hard and fast.

  • @0401412740
    @0401412740 Месяц назад +13

    This should be extended to 30s. We're doing it tough too

    • @morganoox3838
      @morganoox3838 Месяц назад +2

      40s and 50s anyone not rich has been made poor

    • @MrRoadTrain
      @MrRoadTrain Месяц назад

      Not everyone is struggling I'm sure not & i don't work & i own my home outright at 32..

    • @morganoox3838
      @morganoox3838 Месяц назад

      @MrRoadTrain and you are the only people labor care about. The filthy rich. What are you hoping for a pat on the back by the 200,000 homeless and the millions on the edge, who have been crushed by these people?

    • @feral4mr2
      @feral4mr2 24 дня назад

      @@morganoox3838 exactly.

  • @Khgfdsaaadgyy554
    @Khgfdsaaadgyy554 Месяц назад +4

    I remember in 1990 living on pasta, butter and mixed herbs...it was hard back then needed to live in share accommodation....and still living in share accommodation in 2024...blame the government not inflation....

  • @feral4mr2
    @feral4mr2 24 дня назад +4

    Aussies of ALL ages are doing it tough. It isn't just younger.

  • @arclux
    @arclux Месяц назад +10

    And they will still keep voting labor.

    • @N3gativeR3FLUX
      @N3gativeR3FLUX Месяц назад

      As though the issue isn't what the LNP had done for the decade leading up to the last election...
      Liberal stooge.

    • @SevenEllen
      @SevenEllen Месяц назад +1

      HA! You should see what it's like in the UK after 14 years of Tories and no regulated banks!!

    • @coopsnz1
      @coopsnz1 Месяц назад

      Tories centre left not conservatives ​@@SevenEllen

  • @tubesurfer007
    @tubesurfer007 Месяц назад +6

    Eventually you will have a large portion of the population in 10-20 years who are left behind... but keep saying they are lazy and eat too many avocados.

  • @sonjakozman1699
    @sonjakozman1699 Месяц назад +17

    Imagine if the government didn't charge us gst for food, sanitary products and services we need to live.
    Imagine we just payed that bit less tax and then we might be not in such a cost of living crisis.
    I get that we need government services but the amount of taxes and excises we have to support government spending is out of control.

    • @coopsnz1
      @coopsnz1 Месяц назад

      duties ' gst ' excise taxes , there excise on cosmetics in australia

  • @VishalSharma-bg7qj
    @VishalSharma-bg7qj Месяц назад +12

    As long as banks make money that’s all that matters

  • @tomiasthexder7673
    @tomiasthexder7673 28 дней назад +3

    It’s a spending and lack of wanting to work hard crisis.

    • @GeminiPlatypus
      @GeminiPlatypus 5 дней назад

      Work hard at what jobs. Where are the jobs? Give me a job and I'll do it. I've been unemployed for years because im autistic and can't drive. Still waiting for NDIS. I JUST WANT A JOB. I'm 26, got no life, apply for 20 jobs a week. Drink so much coffee I'm shaking just to get through a day of doing housework and applying for jobs. Tired all the time. Feeling demoralised since birth will do that do you. Ah yes, I just need to work harder, or magically overcome my disability and move to Melbourne. Everything is easy 😂

  • @angelachanellehuang5663
    @angelachanellehuang5663 25 дней назад +1

    Finding work is tough

  • @Peekaboo-Kitty
    @Peekaboo-Kitty 19 дней назад +1

    Not every OLD person owes their own home! I lost my house because of Domestic Violence. Since then I'm always one step away from being homeless.

  • @leonie563
    @leonie563 Месяц назад +2

    If we shift away from wages/salary becoming the mechanism for tax evasion and instead tax consumption it would stop house flipping and base erosion of the budget and focus on superannuation and house equity via policy reform in legislation. Reviewing who gets private health insurance over a certain age is urgent as people live to 100+.

  • @elliec2943
    @elliec2943 Месяц назад +2

    Of course people in their 20s are doing it toughest;
    The fact is if you on jobseeker or even DSP, mutual obligations apply until you are 35 or older.
    I hated being in my 20s it was the worst time of my life.

    • @netsurfer44
      @netsurfer44 Месяц назад

      Mutual obligation goes years beyond that unfortunately.

    • @elliec2943
      @elliec2943 Месяц назад

      @@netsurfer44 Not on DSP, but on Jobseeker yes.
      Jobseeker was terrible payment to be on. Especially after the private companies took over

  • @shaqisumari304
    @shaqisumari304 Месяц назад +1

    Well there is one Malaysian lady shared a video that only 50 AUD per week groceries per person, wow how could that be

  • @vernonwhite4660
    @vernonwhite4660 Месяц назад +5

    Your not getting higher interest rates on your savings from the banks!
    The invested money is actualy depreciating with inflation

    • @coopsnz1
      @coopsnz1 Месяц назад

      shares are down 2 yrs im a millennial shareholder

  • @stevenmartin6271
    @stevenmartin6271 Месяц назад +1

    Nothing is a perfect circle. Ps, there are two type of policy. Fiscal and Monetary.....

  • @petefromdownunder3734
    @petefromdownunder3734 24 дня назад +1

    A decade of gloom ahead ... Get use to it ...

  • @lovechineseforever9434
    @lovechineseforever9434 Месяц назад +1

    NO CHINESE MONEY TO HELP YOU THIS RECESSION, SO VERY SORRY

  • @jillianlawrie8618
    @jillianlawrie8618 Месяц назад +1

    Live though war lost relatives and recession with interest rates from keeping so high makes to daybook low

  • @glenstanley5576
    @glenstanley5576 4 дня назад

    If people have superannuation funds let them take some out because whats the point of having it the only way you are going to touch this money is if your old and grey or dead which ever comes first first first

  • @angelachanellehuang5663
    @angelachanellehuang5663 25 дней назад +1

    Thats not fair

  • @katherynmunis7915
    @katherynmunis7915 Месяц назад +1

    As a boomer, stops spending big rich boomers pls help by not.

  • @joelc9439
    @joelc9439 27 дней назад +1

    You need to blame mass immigration.

  • @chambersbenjo
    @chambersbenjo Месяц назад +5

    its fine, let the young eat cake.

    • @clarkkent1340
      @clarkkent1340 Месяц назад +2

      Enjoy 😂😂😂

    • @anonmouse15
      @anonmouse15 3 дня назад +1

      "I got my bonus, so screw anyone else."