Being a member of Generation Y sure ain’t cheap.
According to a new study by credit card big-wig American Express, Australians aged 18-24 have been priced out of owning assets that previous generations took as a given. Instead, they’re opting for the more wallet friendly renting, loaning and swapping.
The American Express ‘Future of Consumer Spending’ survey found that, as the cost of housing, domestic travel and accommodation, and fuel has risen, Gen Y has reined back on big-ticket buys.
To read the full, original article click on this link: Gene Y forced to rent, loan and swap their way to the products they want - Anthill Magazine
Author: Natalie Chandler
