Finance & Fury Podcast

Today we’re talking about a news article that came out highlighting that young Australians’ are experiencing either zero, or negative income growth. Stats throughout history How to increase your income - whilst this is a real issue, there are real ways of actually getting around it. The 'Smashed Avo' reference - the idea young people can’t afford to buy a house because they’re living large. The origins of ‘smashed avo’ as a reference to millennial laziness, meanwhile, go back to a column by a middle-aged man named Bernard Salt, who is a partner at one of the big four accounting firms. Living an easy life of brunch, Instagram and maxing out their credit cards. Then they have the audacity to complain about the price of housing!   Let’s look at the stats… Sources: Productivity Commission estimates using Australian Bureau of Statistics (Microdata: Household Expenditure, Income and Housing, 2015-16) and ABS Household Expenditure Survey basic confidentialised unit record files 88-89 through 2009-10.   The gr