Closing the generational wealth gap in a changing economy

For generations, the roadmap to the “Australian Dream” was linear: get an education, work hard, buy a house, and set yourself up for life. But today, even high earners find themselves at the mercy of a skyrocketing property market.  

If you’re finding it harder to buy assets, spend, and invest, plus wealth is tied up in older generations, what does that mean for the future of our economy? 

UNSW Vice Chancellor’s Professor Richard Holden warns that when the dream of homeownership feels out of reach, it could trigger a bigger psychological shift. "If people think that they're never going to own a home, never going to be able to build wealth, and don’t have a stake in their future, then that's a very damaging thing."  

If you can't rely on bricks and mortar to build wealth, how do you get ahead? 

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Interested in hearing about how businesses are reacting to the housing shortage?  Listen to our episode with UNSW Professor Philip Oldfield.  

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