Percentage of Australians who rent

Nope - didn't lend to women at all ... then changed to lending to women "as long as" there was a male guarantor ... only relatively recent that women can borrow on their own. Possibly before your time, but very well remembered by many of us

As for buying - all three older Gen Y kids have their own homes. Perhaps we're oddballs.

In some European countries they have extremely long lease option - however - for the very long leases, the properties sometimes come as shells, as it's up to the tenant to install the kitchen, bathroom etc, and to maintain the property as if it's their own home

Retail leases are longer than in European countries

 

Most live very basically. Boomers are generally well off. The facts are simpler than fantasy. They're not buying houses as they earn less and houses cost more. They're buying more "toys" because again, they're cheaper. A ps5 is maybe $550. They would of bean about the same for a PS1 in the 90s.

As for travel, don't get me started on boomer "river cruises". People of all generations consume, it's not a baramoter for the entire generation.

 

Biggest growth in cosmetic surgery is inder 30s
Cosmetic Surgery Statistics Australia & Around the World
They are more concerned with keeping up with the kardashians than the Jones.

You say they earn less, so where does the money come from? Parents?
Toys? Who buys toys, kids or parents?

People under 30 brag about travel as if it's a personal achievement being in x amount of countries.
Travel Statistics by Age Demographic (2020-2021): Latest Trends

"The younger Gen Z’s and Millennials are the highest spenders when they travel."

"62% of baby boomers will use all or most of their annual leave earned at work versus 77% of millennials."

"40% of millennials planning to take a trip with friends within the next year."

"Millennials are the most likely to go into debt for travel."

Boomers have the money, millenials spend what they don't have

"Millennials have an average of 35 vacation days a year.
Generation X has an average of 26 vacation days per year.
Boomers between 55-75 have an average of 27 vacation days a year."

 

People should use their annual leave!! It’s for taking a break and enjoying life.

 

Millenials definitely take a break, they just come back broke and blame boomers for it.

But first a bit of lippy, lipo, suck & tuck, boobs and botox for the selfies.

 

Was laughing so much when I first read this I almost came to tears!

 

Lolled at this. Taking a week dlto do Reno's next week after two back to back 17hr work days. My old apprentice (Millennial) said I hadn't learnt what holiday means. I take my leave but use it to work 75% of the time.

 

It's simply a shift from a "live to work" to "work to live" mentality.