SBS News – Australia
·australia
·3 hours ago
Younger Australians' incomes rise 80% but face financial hurdles ahead
Australians are expected to surpass their parents' wealth by retirement, but face early financial challenges. A report from the E61 Institute found that younger workers' average incomes were about $90,000 in 2023, an increase of nearly 80 percent since the 1980s. Despite this, rising education costs and housing affordability may hinder their financial security.
Summary by Glance · SBS News – Australia
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