Survey shows cost of living crisis now top worry for Australia’s youth

(Photo: Unsplash/Nico Smit)

A major national survey released on 27 November shows that rising living costs have become the leading concern for young Australians, with nearly two-thirds of respondents naming it as the most serious issue facing the country. Mission Australia, the Christian charity behind the annual Youth Survey, gathered responses from more than 17,000 people aged 14 to 19 for its 2025 report.

The findings reveal a marked and ongoing shift in the pressures facing young people, who are becoming increasingly troubled by financial strain and the effect it has on their day-to-day lives. After cost of living (64%), respondents pointed to mental health (29%), climate and environmental issues (27%), and housing and homelessness (25%) as key national challenges.

Concerns about household expenses have risen sharply over the past three years. Since the question was introduced in 2010, this year marks the highest level of worry recorded. Mission Australia’s chief executive, Sharon Callister, said the data reflects the depth of the stress caused by rising prices. She noted that young people are struggling to afford everyday essentials and that this pressure is having a clear impact on their wellbeing.

Housing instability also remains a major fear. Earlier research by the charity showed that one in ten teenagers had faced homelessness in some form, ranging from being without a fixed address to relying on temporary accommodation or feeling unable to return home. Young people who recently experienced homelessness were found to have far higher rates of mental illness, loneliness and family conflict compared with those living in stable housing.

In the latest survey, the proportion of young people expressing concern about housing and homelessness has doubled since 2022. Callister said many young Australians are watching friends and family members struggle to pay rent or secure stable accommodation, and this has made the issue deeply personal for them. She called for greater investment in social and affordable housing, along with practical support programmes designed specifically for young people.

Mental health remains another dominant area of worry. Two in five young people reported stress linked to their mental wellbeing, and nearly one in five experienced significant psychological distress in the weeks leading up to the survey. Callister warned that anxiety and stress are affecting students’ attendance, confidence and motivation, and stressed the need for accessible support before issues become overwhelming.

However, the charity noted some encouraging signs compared with recent years. Levels of loneliness and psychological distress have eased slightly, and more young people say they feel hopeful about the future and more in control of their lives.

Callister said the survey offers a clear picture of the challenges and hopes of Australia’s youth. She urged governments, schools, communities and families to take the findings seriously and to work closely with young people to address the pressures they face.

Mission Australia says meaningful change will require listening carefully to young voices and acting with intention so that every young person feels valued, supported and able to flourish.

Adapted from CDI.