Data shows young Australians cut spending as cost-of-living crisis continues

[@SOUNDofFREEDOM2424]

Cut spending!? Please, more like can't spend! With what money? After rent, food and other miscellaneous essentials, not much left. Cost of living slavery... working to pay bills...hmmm WHO benefits? 🤔 Follow the money because it's not with the majority, it's being syphoned by specific wealthier groups.

[@BKWilliamsJnr]

Data showed that did it? Just walk around and see people drowning in depression, Dont need data to tell you whats up

[@LuciferBlack-j1k]

Young Australians are pissed that greedy property investors are the reason they can't afford to own a home...🤬

[@tomjones5338]

It's Labor fault under Paul Keating

[@Design_no]

why blame property investors? Most young Aussies couldn't afford a house to begin with. Who else is going to buy them housos.

[@TruthWarrior1]

It’s got more to do with a lack of supply and high demand. I would be more inclined to blame those behind immigration and property developers not releasing stock fast enough.

[@whiskeygamer9402]

Young Australians destroyed all hope and future for themselves 🤣

[@2Bros-OVO]

It's overseas property investors buying up properties to hire and house immigrants on visas, companies even bodgy up documents to get em in and pay em below minimum wage cash in hand, I've seen it first hand at the strawberry farms near me, you can't get a job there unless you have a visa and agree to live on the property, they do the same on cleaning, delivery/driving and heaps of other areas

[@themoviehobbit355]

Well look at how much a house costs !! Look at how much they want for us to save for a deposit !!

[@testicool013]

Young Australians vote left, get what you deserve

[@David-y1i8c]

Easy fix for cost of living...., defund and close down all unessential B's government departments like abc etc. Tax less Australian wages. Implement D.OG.E

[@whiskeygamer9402]

Young Australians voted their Futures down the drain ever since they voted for Labor 😂

[@CG-dd9tb]

Lie Young people don’t determine what happens in our society. The rules are made by (currently) the boomers who hold all the positions of power. The housing crises has been 25+ years in the making, try looking at a graph of house prices vs income. Current cost of living issue is a global problem that kicked off before Labor took office. You have no idea what you’re talking about. You are a blight on democracy.

[@SoniaH-m4g]

Howard made sure rent, utilities and groceries would go up when he increased the scope of GST and lowered tax’s for corporations and high income earners. Lay the blame on who you want it’s the over 65’s who they will come for next 😂😂

[@myday2704]

@@whiskeygamer9402 no young Australians stayed home watching Tik Toks during the lockdowns that ruined the economy rather than protesting against the Liberal governments lockdowns. Scomo was the prime minister then if you recall.

[@SoniaH-m4g]

Should improve over the next ten years once the number of over 65’s start decreasing and we can get rid of the tax dodging big corporations.

[@davidhamtaro]

All by design.

[@peterburke8650]

I already told you mate ...multiple times. Inflation is a 14 year cycle wonce the cat is out of the bag.its 4 years before Inflation heads in the other direction. What is upsetting is that your keeping people on a string and there holding on when they should be selling before realestate goes belly up .

[@Kokoda144]

The cost-of-living crisis is due to massive house prices and smaller wages over the last 60 years due to consecutive failures by both parties. Inflation has risen x15 which means the mean wage should be $190,000 p.a. from the 1960s' average wage of $12,600 p.a. but the average wage today sits at about $85,000 p.a. Housing has risen far more than inflation, so tell me, why should I vote for Liberals or Labor? Both have had terrible outcomes over the last 60 years, make it make sense to me

[@rennmaxbeta]

Windfalls? what windfalls

[@MrGoodkat12]

We don’t have a cost of living crisis we have a taxation crisis. Highest taxing government in 26 years . This allows the current government to recklessly spend which is making all of us equally poor . No economic plan thanks to a Labor socialist government. Australians are not keeping enough of the money they have earned to pay for essentials . Personal income tax , fuel tax 44 cents a litre , GST , Land taxes , Stamp duty , Capital gains , etc etc then there is private health cover, road tolls, insurances and registrations all forms of taxes one way or another.

[@2Bros-OVO]

Its almost like all media and agencies dont read or respond to reports until their they have no choice but to do or it benifits them financially 😂😂😂😂

[@myday2704]

@@2Bros-OVO I dunno I've seen lots of reports on the cost of living crisis in the media lately

[@claire6224]

Labour Government and public sector should cut their spending stop increasing the taxes . They can’t expect Private sector and Australian people to cut their spending while they keep gorging them with taxes it’s leading to poverty and homelessness like America and Europe.

[@SoniaH-m4g]

Stop the big corporations from dodging tax’s and then we will be fine.

[@madeinaustralia2020]

All talk no honesty Ross.hahaha Banker boy

[@min57822li]

Go to farms and factories to make what you want

[@YaoAnne-j7g]

I already own shares of NVDA and PLTR. I'll also add TSLA to my portfolio. But I'd like suggestions on long-term opportunities to explore that could make solid additions to my $400k portfolio for stable cashflow

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[@SonyaYeva]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@FederickLeo]

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[@sensaznal]

It's fine as long as people have jobs.

[@reubenfardell7837]

Money - Unless you win or inherit millions your stuffed !!!

[@wilbur1884]

DUN'T MAYKE MAYE CALL DAVAYE ALUTTA PROUD HAYE'S NAULT ALUTTA PROUD ANYMOEWAE 😏🤨

[@sunshinesagelavenderrosemary]

li beral loitering landlord and low income tax payer require discount card gst cgt

[@Design_no]

now, try it in English.

[@andrewmckay2118]

Yea, people stopped eating meanwhile boomers,s are booking holidays

[@Design_no]

Cool, heh? BTW we haven't booked just one holiday either.

[@Mark-f7o]

Yep your pocket money doesn't go to far nowadays a lol

[@CG-dd9tb]

@@Design_no​​⁠ I hope you were t counting on young people funding your retirement or looking after you when you can’t wipe your backside anymore. The day will come, as boomers start dying off, when today’s young will hold the balance of power in our society. You have no idea how much young people loathe boomers.

[@SoniaH-m4g]

It’s all good mate it doesn’t matter which party they vote for next, the over 65’s are the next to lose out when they take the tax breaks they get and then start taking their super 😂

[@osiris1741]

they should contact Alan Jones - he can be very generous to young people

[@EL-FUKKO]

Did he finger you too?

[@LuciferBlack-j1k]

​@@EL-FUKKO Lol Best ask Paul Murray...🖕 😆😆😆

[@osiris1741]

@@EL-FUKKO noooo....I had friends at Kings School in mid 70s .....when Jones resigned - sort of like the policies in the Catholic Church - but good enough for SkyNews

[@DominicPelleREAL1]

"Moronic comment". You're fixated.

[@osiris1741]

@@DominicPelleREAL1 fixated on SkyNews enabling a kiddy fiddler for so many years...... Perhaps in your world thats OK