Will Gen Z Finally Catch A Break?
The 2025 Australian federal budget brings some much-needed wins for Gen Z, but it still leaves a few big questions unanswered.
Sure, there’s a boost to tax cuts, more funding for Medicare bulk billing, and a push to support mental health services, but the ongoing housing crisis still looms large.
Many in Gen Z are stuck in a tough spot with rent prices, high GP costs, and student debt.
They’re left wondering if they can even afford to leave their family home, let alone start a life of their own.
It’s not all doom and gloom though.
There’s good news for Gen Z women, with $240.4 million dedicated to women’s health, including care for conditions like endometriosis.
There’s also more cash for university study hubs and, for those juggling student loans, a 20% reduction in HELP debt, plus a 45% boost to Commonwealth rent assistance.
It’s all definitely a step in the right direction.
However, without significant housing reforms, many are left wondering when they’ll catch a break.
