Jessica pretends to care about bubble-marginalised women

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From Jessica Irvine today:

…a new survey released on Monday suggests even our younger generations are struggling in our modern economy.

The latest National Australian Bank “Australian Wellbeing Report” reveals young people are the most unhappy age grouping in society. And young women – those aged 18 to 29 – report the lowest wellbeing score of any of the 48 groups monitored (including those on low incomes, singles, labourers and the unemployed).

Overall, the self-reported wellbeing of young Australians aged 18 to 29 now sits at just 60 out of 100, compared to 70 out of 100 for those 50 years plus. “Over 50s have consistently reported the highest levels of wellbeing since NAB began this survey in early 2013,” the report finds.

And, over that time, their wellbeing has risen, while young people’s has fallen, resulting in a widening “wellbeing gap”.

“The key driver here has been the bigger negative impact of anxiety for our youth. While young and middle aged people on average have rated their life satisfaction, life worth and happiness about the same, young people are noticeably more anxious.”

Of course, it is not unusual for young people of any generation to be riddled with existential angst. But why should today’s youth be getting even more anxious over time?

Err…climate change, falling wages, can’t buy a home. They’d have to be deranged to be feeling less anxious.

As for Jessica, if she really cared she would not perpetually:

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We know that to keep your job at Domainfax you have to heart the bubble but readers should at least be spared the indignity of writers pretending to care.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.