A new report has revealed that young Australian workers are facing a growing tax burden, with many paying a significant share of their income despite struggling with rising living costs.

The report from the Actuaries Institute Australia highlights concerns that younger generations are carrying heavier financial pressure while trying to enter the workforce and build their futures.

Researchers say wage growth, housing affordability challenges and increasing expenses are making it harder for young workers to achieve financial security.

The analysis shows that tax settings and cost-of-living pressures are creating concerns about whether the current system is fair across different generations.

The report has renewed calls for a review of Australia’s tax system to ensure younger Australians are not left carrying an unfair share of the financial burden.

Economists and policymakers are now debating how to create a more balanced approach that supports workers while maintaining essential government services.