How younger Aussies are worse-off than their parents


Inequality between generations in Australia is at a 20-year high, according to a new report by the Actuaries Institute.

The Institute contends this is because government spending favours the old and because asset prices have risen faster than incomes.

The Institute states that current young people have better education, health and social outcomes than previous generations of young people, but worse economic, environmental and housing incomes. Policy options suggested by the Institute include boosting childcare subsidies and including a retiree’s home in the Aged Pension asset test:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.