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Starting a family a ‘luxury’ as cost of living bites

Surging expenses are prompting young Australians to change their approach to having children.

Lucy Dean

More than half of Australian investors consider starting a family to be a “financial luxury” as rising interest rates and sticky inflation continue to put pressure on Australian households.

A survey of 1500 non-retired Australian investors by investment platform Stake found 54 per cent of all investors and 63 per cent of those aged 18-34 believe that having children is a luxury only some can afford.

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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

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    Original URL: https://www.afr.com/wealth/personal-finance/starting-a-family-a-luxury-as-cost-of-living-bites-20230731-p5dskc