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ABC News Daily
Alan and Chris Kohler on the year in finance
Dec 17, 2024
Alan Kohler, an ABC finance presenter, and his son Chris Kohler, Nine News finance editor, dive into the cost of living crisis affecting Australians of all ages. They discuss the housing market struggles for younger generations amid rising interest rates. Alan highlights how government spending and immigration cloud the true economic picture. Chris points out the lack of competition in supermarkets and its impact on consumer prices. They also offer insights into what 2025 may hold for the economy. Tune in for their witty yet informative take on these pressing issues.
20:29
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Quick takeaways
- The discussion highlights the significant generational divide in economic experiences, with younger Australians facing immense housing affordability challenges compared to their baby boomer counterparts.
- High interest rates and limited competition in key industries, particularly supermarkets, are contributing to the ongoing cost of living crisis affecting consumers across Australia.
Deep dives
Generational Perspectives on Economic Struggles
The discussion highlights the contrasting economic experiences between different generations, particularly focusing on baby boomers and younger individuals. Alan Kohler, representing the baby boomer viewpoint, acknowledges the advantage of having capital appreciation in housing and serving as the 'bank of mum and dad' for younger generations. Conversely, Chris Kohler shares his personal experience of relying on his parents for temporary housing, showcasing how many young Australians face challenges when entering the housing market. This generational divide reflects broader national concerns about housing affordability and the challenges faced by a younger demographic struggling with their financial independence.
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Discover
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