Sorry but Gen Ys aren’t better-off than boomers

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By Leith van Onselen

The various Fairfax media platforms are running headlines today claiming that Generation Y lives “better than baby boomers” and are “riding the living standards wave”.

Fairfax’s argument is based on the latest National Centre for Social and Economic Modelling (NATSEM) Household Budget Report, which examines the standard of living for a range of different household types by measuring various costs less expenses.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.