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Young people cut back on spending as Boomers splurge

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cash lays on a kitchen table beside a cup of tea and a list of bills owing
New spending data indicates young people are continuing to bear the brunt of rising interest rates and rental pressures.(ABC News: Sharon Gordon)

A report from Commbank iQ has revealed young people are continuing to bear the brunt of rising interest rates and rental pressures, while older Australians are able to splash out on services like cruises and dining.

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