The weight of cost-of-living pressures has been enough to prompt young people to move back in with their parents or in to share houses to save on bills and food. Those in their mid-to-late 20s continue to bear the brunt of high rents and other elevated living expenses, and are pruning their spending far more than their older peers.
urban economist Terry Rawnsley said most Australians were “un-retiring” to stay engaged with the workforce, but at the lower end of the income distribution scale, people would likely be feeling the challenges of cost of living pressures.
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