Australia’s living standards are going backwards, and it’s young people who will suffer the most

‘Policy settings tend to favour older generations …Young Australians are fighting an unfair battle.’ Photograph: William West/AFP/Getty Images

Australia is in the midst of war. A fight to the death. The stakes are high: which generation has had it the worst? Depends on who you ask.

The evidence is clear, however. Australia has a problem with intergenerational inequality, and it’s not going away. More troubling, there doesn’t appear to be any motivation to redress it.