A sharp intergenerational divide has emerged for self-reported personal wellbeing, as younger and lower income people feel increasingly pessimistic about their standard of living.
More broadly, satisfaction with the economic situation in Australia has fallen to the lowest level in the 22-year history of the Australian Unity and Deakin University Wellbeing Index report – slumping below levels recorded during the 2008 global financial crisis.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
