Young People will likely never own a home – it’s not their fault either.

Young People will likely never own a home – it’s not their fault either.

Young people are more in touch with their surrounding’s than ever before with their access to social media, instant news and from massive search engines like google it’s no wonder why many are giving up on the Australian dream.

It’s obvious that young people have inherited a stewing lemon and they do not have to look far online to find criticisms of their lifestyles and comments minimizing their concerns. Let’s face it, the older folks in Australia have had an easier ride.

We all agree, the older population in Australia (Majority voters in favor of negative gearing, which inflates demand for rental and sparks costs which are likely to impact young people) worked for their lifestyle. In fact, many did so without finishing high school and ‘got on with the job’.

With all that being said, older folks also benefited from lower barriers to entry into their chosen career, lower house prices. Older folks have a monopoly on the housing market and due to the dichotomy of rental demand and negative gearing for their investment properties.

There is more pressure on young people than ever as most careers require a university degree and industry experience to be considered for these ‘career-launching’ graduate programs. This is the same for trades as young people are required to earn below minimum wage for several years before becoming qualified.

Expectations are simply too high as young people often choosing between their rent and textbooks with their tradesperson counterparts struggling to meet the costs of vehicle expenses and rent.

The facts are laid out, young people will not be able to afford to purchase a house. Wages are being chewed up by inflation, rent and base living costs which makes it near impossible to save for a home. Any concerns brought forward by young people are swiftly cut down with post-truth criticism.

Looking to the people who are steering the country, they are heading towards retirement age and many of them benefit directly and indirectly from the legislation which is being passed. There appears to be little concern for the young people who cannot afford to purchase homes.

Three questions should be asked, respectfully of course:

  1. What is the average age of a parliamentarian?
  2. How many investment properties do they have now, compared to when they first sat in parliament?
  3. What is the current retirement age?

Clearly, not many journalists or voters will be brave enough to ask these questions, but we do know the answer. Now, when I talk to the older generation about career, money and etc and always ask them. “You are very good at telling me what I am doing wrong, could you tell me something that I am good at?”

That question really stops them in their tracks and show’s that there is a lot of misdirected animosity placed towards young people. That being that “all of them are lazy” or “they do not work hard enough”.

Concededly, that may be partly true but surely, in this country which toots its own horn on ‘financial success’ and ‘jobs and growth’ there isn’t an expectation of young people to simultaneously commit to a four-year bachelor’s degree and full-time work, whilst maintaining rent and car expenses and save for a home?

And that’s in the best-case scenario. Most people would struggle with part-time work and full-time study, because if we young people do not meet that golden 70% Credit Average from their degree, they are immediately excluded from graduate programs by HR software.

Yes, this article is personal. It’s personal because young people are trying to get ahead. They are trying to work hard so they can eventually work smarter, but this economy isn’t substantiable for the sole reason that it isn’t working.

The older generation complain about Centrelink payments, whilst happily cashing the rental checks from their investment properties.