A young working woman is disillusioned with her future in Australia, where the skyrocketing cost of housing means she will have to work the rest of her life just to keep a roof over her head.
Nikki, who lives in Brisbane and works as an administrative assistant in the film industry, said the rising cost of living has put a damper on her personal life.
The 22-year-old uploaded a video to TikTok earlier this month to lament about not having enough “waking hours” for herself.
‘Did anyone in their 20s get really angry because they realized they’re going to have to work the rest of their lives just to feed and shelter themselves?’ she asked.
“They spend the whole week waiting for the weekend to arrive, but the weekend is never long enough to provide real relief.”
Nikki, who works full time, says she spends most of her income paying rent and buying food.
He lamented the bleak future that Generation Z shares, although he acknowledged that previous generations also had a hard time.
‘I know it’s the same for all generations. “Every adult in my life has been broke in their 20s at some point, but for me and people my age, there doesn’t seem to be any light at the end of the tunnel,” she said. news.com.au.
The aspiring lawyer added that she worries that she will never be able to get ahead financially and fears that she will have to sacrifice her studies to earn an income.
“If I continue as I have been, I won’t finish my degree until the end of next year,” he said.
Nikki took an office job to boost her resume and has now decided to work longer hours and go to college part-time.
“I hope that once I graduate I can progress in my career, but I have no hope that my salary will be in line with the cost of living at that time,” he said.
Nikki (pictured), an administrative assistant living in Brisbane, asked other young Australians if they thought they would end up working the rest of their lives to make ends meet.
Nikki said she is working to save money so she can take a six-month break from the working world to finish her studies and stay with her parents in Melbourne.
Many of those who commented on her TikTok video sympathized with her opinions.
“Yes it makes me (sic) want to die a little once I got a job and realized the rest of my life hasn’t been the same,” one viewer wrote.
Another added: “I just finished my month-long stay and had this feeling for the entire month, although I enjoyed my stay.”
A third commented: ‘It’s like come on. “I’m just a girl,” added a third.
Others, however, accused Nikki of having first-world problems and being short-sighted.
“That’s life, get used to it and be grateful for what you have. You could be living in a third world country with no food, water or shelter,” one viewer wrote.
Nikki said she feared for younger Australians, who she said had a bleak future ahead financially. In the photo, shoppers in the Pitt Street shopping center in Sydney.
A youth survey report published by Mission Australia last year found 31 per cent of respondents aged 15 to 19 were concerned about the economy and financial matters.
Fear of homelessness also rose from 12 percent to 19 percent as rental prices soared due to record levels of immigration.
The federal government attempted to slightly ease financial concerns in last week’s budget by erasing $3 billion of HECS debt indexation.
The change will apply to all HELP accounts, VET student loans, Australian Learning Support Loans and other student support loan accounts that existed on June 1 last year.
On average, the amount of money students owe the ATO for their HECS and HELP debt will be reduced by $1,200.
Australians continue to struggle with the rising cost of living after inflation hit a whopping 7.8 percent in December 2022; however, it has been reduced to a rate of 3.6 percent in March 2024.
The Reserve Bank of Australia has presided over 13 interest rate hikes since May 2022, with the Reserve Bank leaving rates unchanged for the fourth consecutive month at 4.35 per cent during its last policy meeting.