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Last modified on Fri 29 Jan 2021 14.02 EST
To be a young Australian setting out on a career today is to face an unprecedented combination of crises.
There’s the pandemic-induced global recession that has particularly devastated the industries that employ a disproportionate number of young people, such as retail and hospitality.
The recession in turn has dragged just about everything down except the cost of housing, which only continues to climb further out of reach for young Australians.
Looking further ahead, they face the future tax burden of supporting health and aged care systems put under increasing strain by the ageing population, with the pandemic further highlighting understaffing issues.