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O.C.WA

41,279 Posts.

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04/08/23

15:07

Post #: 69164751
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Originally posted by Trees: ↑

Not everyone over 55-years of age is wealthy, and spending at a great rate. Not everyone under 55 is doing badly and has trimmed their spending. But on average that's what's happening

"If we think about the lever that the RBA has regarding interest rates, the spread of (people with) mortgages in our population is not even and is definitely concentrated to some of the age groups," Mr Tubman says.

That means that people at younger ages are feeling the "cost of housing" more, through interest rates and because a higher percentage rent where they live and rents have been rising rapidly.

me thinks
so rents rising due to increases in RBA rates and the lenders increasing above those RBA changes

mmmmm

Ohm ohm

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The reason the "younger generations" are feeling the crunch is because they are over committing, buying houses bigger than the neighbour, getting credit card after credit card to pay off credit cards, holidaying overseas instead of supporting "their" Country, and wanting everything handed to them on a plate.
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