The budget’s centrepiece is a change to the lowest tax rate. But for young people crushed between higher home prices and bracket creep, the tweak is cold comfort.
If I had a dollar for every time I heard someone complain about living through 17 per cent interest rates, I’d probably be able to afford a home by now.
Literally. I’m a reporter at The Australian Financial Review who writes about the challenges facing young people trying to build wealth. Trust me, I hear it a lot. And – in the interests of meaningful policy debate and, more importantly, my own sanity – I’d like to clear a few things up.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
