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New analysis from Finder has concluded that the baby boomer generation had a far easier time buying and paying off a home than the millennial generation:
Comparison website Finder.com.au has crunched the numbers using data from CoreLogic, the Australian Bureau of Statistics and the Reserve Bank.
Its verdict? “Baby Boomers had a far easier time both buying and repaying their home than Millennials do today,” said Finder insights manager Graham Cooke.
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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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