The property boom has made older Australians rich and turned housing into an “intergenerational tragedy”, according to Ken Henry. Jim Chalmers should reframe his economic reform roundtable to fix it.
Three decades of rising house prices have made older generations rich. Nic Walker
Ticking over into the 2026 financial year, Treasurer Jim Chalmers this week hailed the increase in the superannuation guarantee to 12 per cent of wages from July 1 as one of the ways Labor is “helping people with the cost of living”.
Forcing young wage and salary earners most under the pump now to put away more of their pay packets promises to deliver a bigger nest egg when they retire.
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Original URL: https://www.afr.com/policy/economy/this-is-the-most-striking-generational-change-in-40-years-20250704-p5mch8
