Young people hit hardest by cost of living crisis

Generation Z is feeling the pinch the most from rising living costs, new research indicates. Photo: AAP

Sky-high living costs are weighing heavily on younger generations and leading to much higher levels of financial stress compared with older cohorts, research indicates.

Finder’s latest cost of living report found 70 per cent of Generation Z respondents were reporting financial stress compared with 29 per cent of baby boomers.