45. Are Young People Screwed?

In this episode, we tackle a topic that has received countless media coverage over recent years.  In one way or another, most financial commentary implies that the future is bleak, and young people are screwed since there's so many factors working against us.

In fact, most casual observers would agree with this statement without even questioning it.  But is this true?  We unpack the arguments today and share our thoughts.


Discussion points...

• Introduction  (01:10)
• Jobs are less secure than they used to be  (04:00)
• Wages aren't growing  (11:55)
• Young people probably won't get a pension  (18:48)
• Generational inequality  (27:21)
• Lower investment returns  (32:46)
• Expensive housing  (39:45)
• Final thoughts  (53:48)

Resources and stuff mentioned...

• How we track our investments:  Sharesight  (save 33% off a premium plan)
• Low cost investing platform:  Pearler  (free brokerage on your first 2 investments)
• Podcast:  Basics vs Luxuries - 120 Years of Perspective
• Article:  How Do House Prices Affect Financial Independence?
• Article:  Best Paying Jobs Without A Degree
• ABS average full-time income data
• ABS median full-time income data
• Capital city rental growth last 10 years
• RBA inflation calculator
• Inheritances and family wealth 

More from us...

• Pat's blog:  Life Long Shuffle
• Dave's blog:  Strong Money Australia
• Contact us with questions and feedback:  [e-mail]