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Being a member of Generation Y sure ain’t cheap. According to a new study by credit card big-wig American Express, Australians aged 18-24 have been priced out of owning assets that previous generations took as a given. Instead, they’re opting for the more wallet friendly renting, loaning and swapping.
In this podcast, RMIT Economist Alberto Posso talks about misleading inflation figures and job market data. While the consumer price index is slightly up, utility prices have jumped and may hurt working families without some short-term government intervention.