More Degrees, Less Security

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More Degrees, Less Security: The New Reality for Young Australians

Young Australians have invested heavily in education under the promise that qualifications lead to opportunity and financial security. This story explores whether higher education still provides the pathway to security it once promised.

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Chart 1 — Australians are more educated than ever

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Chart 2 — Degrees still matter

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Chart 3 — But housing has become far less affordable

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Chart 4 — The result: declining home ownership

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Chart 5 — Not all graduates experience the same outcomes

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References

Australian Bureau of Statistics. (2018). Education and work, Australia, May 2018 (Cat. no. 6227.0). ABS. https://www.abs.gov.au/statistics/people/education/education-and-work-australia

Australian Bureau of Statistics. (2022). “Back in my day” — comparing Millennials with earlier generations. ABS. https://www.abs.gov.au/articles/back-my-day-comparing-millennials-earlier-generations

Australian Bureau of Statistics. (2022). Owning a home has decreased over successive generations [Media release]. ABS. https://www.abs.gov.au/media-centre/media-releases/owning-home-has-decreased-over-successive-generations

Australian Bureau of Statistics. (2022). Residential property price indexes: Eight capital cities, December quarter 2021 (Cat. no. 6416.0). ABS. https://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/6416.0

Australian Bureau of Statistics. (2025). Education and work, Australia, May 2025 (Cat. no. 6227.0). ABS. https://www.abs.gov.au/statistics/people/education/education-and-work-australia/latest-release

Australian Bureau of Statistics. (2025). Total value of dwellings, Australia. ABS. https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/total-value-dwellings/latest-release


Acknowledgements

OpenAI. (2026). ChatGPT (June 2026 version) [Large language model]. https://chatgpt.com/

ChatGPT (OpenAI) was used to assist with brainstorming story ideas, refining the narrative structure, reviewing draft text, and providing guidance on data visualisation planning. All data collection, analysis, coding, visualisation design, interpretation, and final content were completed and verified by the author.