Money and Your Life (MAYL) report is a comprehensive and timely analysis of household budgets and the broader state of personal finances.

When economic conditions are marked by higher interest rates and persistent cost inflation, consumer spending (and confidence) is equally volatile. It’s a dynamic mix which has emerged rapidly and likely to stay with us for several years. It is also an economic situation very new to an entire generation of younger Australians.

The Money and Your Life (MAYL) Year-on-Year (YoY) Report highlights significant financial trends and changes across four generations of Australians from June 2023 to June 2024.

This second report in the MAYL series highlights key changes in personal finances, such as savings, credit card usage, monthly expenses, superannuation, and investment behaviours. It compares the latest data from June 2024 with the initial findings reported in June 2023 and highlights how financial milestones have evolved over the past year and the generational differences associated with these financial milestones.