Young Aussies faced with ‘difficult choice’ in cost-of-living crisis

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.

The cohort has cut spending by more than 7 per cent in the year to March when adjusted for inflation, based on analysis of de-identified Commonwealth Bank transaction data.

To read news in detail: https://7news.com.au/news/younger-people-bearing-the-brunt-of-cost-of-living-pressure-commbank-cost-of-living-report-finds-c-14763228