Older Australians spending more across the board as young people cut back on essentials, report shows
The Guardian -

With inflation, March quarter consumption fell more than 7% for 25- to 29-year-olds, while over-65s spent 11% more on travel compared with last yearFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastOlder Australians are spending more on everything from travel to eating out, while younger people are cutting back even on essentials such as groceries and electricity bills, as the growing generational wealth divide...

In related news