SMH
·general
·2 hours ago
Labor targets generational inequality as younger Australians earn less than predecessors
Treasurer Jim Chalmers will unveil Labor's 2026 budget next week, with intergenerational equity a key focus. People born in the 1990s are the first Australian generation earning less than their predecessors, partly due to soaring housing costs requiring over 12 years to save a deposit versus six years in the early 1990s.
Summary by Glance · SMH
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