Young adults are feeling the pinch – here’s how retailers are responding

Young Australians are being hard-hit by cost of living pressures. (Source: Supplied)
Young Australians are being hard-hit by cost of living pressures. (Source: Supplied)
A number of retailers have affirmed analysis from Commbank’s Cost of Living Insights Report which showed that financial pressures aren’t hitting everyone equally. According to the report – which used data from seven million Commonwealth Bank customers – younger adult consumers appear to be most significantly affected by rising interest and inflation rates, and are cutting spending accordingly. Meanwhile, the report found that Australians over 35 years old had increased their spending

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