Australia could be on track to becoming a nation where "wellbeing is for the wealthy and home ownership is hereditary", a new report's author warns.
Australians are far from feeling as though they live in "the lucky country" right now, with a new survey finding satisfaction with life in
One in two adults under 55 reported going without essential items because of money pressures and felt financially worse off than their parents were at their age. "On one hand, we have people over 55 owning real estate and with healthy savings, while younger generations are on a spinning hamster wheel as saving gets harder and harder, and asset ownership gets further and further out of their reach," she said.
Notably, Australians' satisfaction with their health fell to the lowest level on record - even taking into account the COVID-19 pandemic years.
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