Young people who are struggling to keep their head above water financially are far more likely to report being stressed and “stuck in life”, which in turn has negative consequences on personal relationships, mental health and the ability to stay employed, a major new survey has found.

Insights from the Australian Youth Barometer say young people’s relationship with money intersects with family matters and employment and that the future is seen by many as chaotic due to the rising cost of living, unaffordable housing and insecure work.