The financial and sociocultural aftershocks of the global Covid pandemic are still having a negative impact on young Australians, with one youth academic describing it as an unsettling “lag effect”.
Monash University’s 2022 Australian Youth Barometer released this week found people aged 18 to 24 had “bleaker outlooks” on their futures compared with older generations. Fifty-three per cent of the 505 survey participants said they believed they would be more financially worse off than their parents.
More than half of young adults surveyed believed they would be more financially worse off than their parents. Picture: iStock Although Professor Walsh was surprised by the “bleaker outlooks”, he said a lack of security was the main theme of the discontentment. Professor Walsh said this spread into a range of issues in their lives – from housing due to the tough rental climate to delaying having children due to financial concerns or the impact of climate change.
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