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The huge sums of unearned wealth that have flowed to older generations via booming housing values, which has come at the direct expense of the younger generations (see below charts from the Grattan Institute).
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Has come with a ‘sting-in-the-tail’, with the number of adult children living at home on the rise. From ABC News:
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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.
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