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Foundation for Young Australians

Stooging a Generation - by Kelvin Thomson

I have often expressed concern in the last few years that my baby boomer generation has pursued policies such as rapid population growth which have damaged the chances of the next generation. Recently I have referred to the Axis of Financial Evil confronting our children – student debt, job insecurity, and housing unaffordability.

Support for this concern comes from a report released yesterday by the Foundation for Young Australians. The report expressly says that today's young people face very different prospects from their parents: higher unemployment, large education debts and even larger housing debts, which will put home ownership out of the reach of many.

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