1 year ago
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Expenditure by older cohort increased by almost double that of under-35s, while travel outlay grew 39% for all ages
Young Australians are feeling the weight of rising living costs, prompting many to cut expenditure on non-essential items, at the same time as older cohorts keep spending, according to new analysis.
A report from CommBank iQ, a joint venture between the Commonwealth Bank and data firm Quantium Group, shows that inflation-fuelled costs are having a disproportionate impact on generations, with those aged under 35 affected the most.
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