According to recently published research results from stats compiled by CBA, generation Y have continued to spend up big despite the world financial crisis. Young Australians aged between 18 and 24, actually spent more during 2009 than in 2008.
Report published has found that young people were less fearful of unemployment and had less debts due to fewer assets. Unless young people come to terms with budgeting and spending within their means they will become the generation of no home and high debts.