Spending in supermarkets among 25- to 29-year-olds dropped by 4% in the March quarter of 2024 compared with last year.Spending in supermarkets among 25- to 29-year-olds dropped by 4% in the March quarter of 2024 compared with last year.Older Australians are spending more on everything from travel to eating out, while younger people are cutting back even on essentials such as groceries and electricity bills, as the growing generational wealth divide threatens to turn into a chasm.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup “It’s possible that’s because more people are moving back in with parents, into shared accommodation, or delaying plans to leave home,” the report said.
Source: Holiday News (holidaynews.net)
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