A perfect storm of unaffordable housing, high unofficial unemployment rates and negligible wage growth are conspiring to drive down the standard of living in Australia and abroad. It is fostering resentment as many young people are forced to live with their parents well into their 30s. Moreover, their resentment is leading to the rise of populist political parties. Thirty-one per cent of 18 to 34 year olds and 53 per cent of 18 to 24 year olds have never left home, according to the Austra…
