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The Guardian - AU

National

Rafqa Touma, Bridie Jabour, Jonathan Barrett and Peter Hannam

From gen Z to boomers: what the 2024 budget means for your generation

Millennials Peter Hannam Rafqa Touma PBS

Rafqa Touma, Jonathan Barrett, Bridie Jabour and Peter Hannam — Rafqa Touma, Jonathan Barrett, Bridie Jabour and Peter Hannam. Australia’s 2024 federal budget is filled with cost-of-living measures targeted at multiple demographics. Composite: Guardian Australia

Gen Z

Gen Z’s collective mind is quick to slip to the nihilistic – “I‘ll never be able to afford to have kids”, “I can either work, or study, or spend time with friends, or do a small amount of each but with no money”, “I’ll work myself into the ground and never be able to retire and enjoy life or the world” – but this year’s federal budget seems to offer some sense of reprieve in the short term.

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