To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.

I’m sure this whole article comes as a shock to nobody, but it’s nice to see it recognised like this.

    • Spendrill@lemm.ee
      374·
      9 months ago

      The bad things did not just happen, they were conscious choices or the inevitable consequences of those choices. I’m criticising the framing of this situation by the use of the passive voice in this subhead.

        • Spendrill@lemm.ee
          156·
          9 months ago

          Here’s my improved version:

          An analysis of policy, formed by corporate interests and pushed upon the public in the 1980s, shows how it deprived the current crop of young adults of social housing, under-invested in public healthcare, enabled predatory lending practices, distorted the tax system so that a disproportionate amount fell upon the lowest three deciles of tax payers and hobbled unions while outsourcing manufacturing to the developing world causing earnings to plummet.

              • mranachi
                9·
                9 months ago

                Nah good on you, fight the good fight. It wasn’t series of mistakes it was deliberate policy choices. Policy choices that show no sign of being changed. Capitalism has eaten democracy from the inside out, it will continue dancing around inside is skin till we see it for what it is.