Aussie Economist Warns of First Generation Poorer Than Parents

Australia’s highly educated Gen-Z, born after 1995, is set to be the first cohort worse off than its parents as insecure work, housing shortages and global warming derail their prospects, economist Alison Pennington says.

Youth unemployment remains more than double the national rate, while rising student debt, fewer full-time jobs and soaring rental housing costs leave young people precariously placed, Pennington, a senior adviser to the Labor government, says in her new book “Gen F’d?”