Sydney's Cost of Living Crisis: A Young Woman's Struggle to Save

Sydney's Cost of Living: A 24-Year-Old's Struggle to Save. Sydney, Australia – In a recent street interview, a 24-year-old Sydney resident shed light on the financial difficulties faced by young adults in the city. With only $600 in savings, she highlighted the challenges of balancing part-time work, studies, and the high cost of living. "Simply just living out of home at 24 is very expensive," she stated, explaining that her savings were primarily for an upcoming trip. The young woman's experience reflects a broader concern among young Australians struggling to achieve financial stability. The interview was conducted by a representative from Coposit, a company aiming to facilitate homeownership. This underscores the growing need for innovative financial solutions to address the challenges faced by young people in the current economic climate.