Joe Hockey, in trying to justify increased student contributions to higher education, used the quote, "In your twenties you complain and in your forties you explain." It's an easy way to brush away the anxieties and anger of an entire generation of Australians, but it also feels like for the first time, this may not be true. I don't see a future, even in my forties, where home ownership and economic stability are a reality. It is scary, and it is my reality. And the generations before me don't give a damn.

You only have to look at the figures to understand the horror in the eyes of Millennials. Total stagnation of wages growth coupled with the median house price now some 14 times the average income, and growing.

Australians are now saying that a household income of $150,000 would allow for a comfortable existence, and yet with more than half the population of Australia on incomes under $60,000 per year, this seems like a distant reality. Household budgets aren't going to miraculously grow, unless policymakers get serious on fixing the cost of living, or we suddenly embrace polygamy.

The recent discussions around allowing young people to tap into their superannuation to put together a housing deposit are an interesting development in this space. I'm encouraged by politicians having these policy debates in the open, but the policy creates more problems than it solves.