It's been a year of stretched household budgets as the cost of living crisis continues.
But given the cost of housing, it's being felt very differently across the generations.
Today, ABC finance expert Alan Kohler and his son, Nine News finance editor Chris Kohler on how the pinch is affecting Australians and what’s in store for 2025.
Alan Kohler discusses the significant impact of high interest rates and the challenges faced by younger generations in entering the housing market.
He explains how immigration and government spending masks the true extent of economic hardship.
Chris Kohler discusses the lack of competition in key industries, such as supermarkets, and its effect on consumer prices.
Featured:
Alan Kohler, ABC finance presenter
Chris Kohler, Nine News finance editor
Key Topics:
- Cost of living crisis
- Housing affordability
- Generational economic divide
- High interest rates
- Immigration and economy
- Government spending
- Competition in supermarkets
- Economic outlook 2025
- Consumer prices