Avocado on toast is the latest object of intergenerational finger-wagging, with columnist Bernard Salt suggesting millennials could more easily afford a house if they stopped eating a delicious cafe breakfast. On the other, the time involved to actually save for a deposit in some cities is so long the reduction in time is effectively meaningless to many people. In 2015, a survey of Australian’s saving habits by Suncorp found $98 to be the national weekly average. This may well be due to younger people living at home but it still indicates millennials have no issues with saving money. You can read more detail on this, and on the coming changes in apartment affordability, in Greg Jericho’s excellent column on the topic.

Source: The Guardian October 17, 2016 23:39 UTC