By: Bec Harris
With 31% of Australians now renting, the dream of home ownership is slipping out of reach for millions. Futurologist Professor Rocky Scopelliti says this shift isn’t just economic, it’s cultural.
“We’ve reached a point where housing isn’t just dividing people economically. It’s dividing our sense of identity,” he explains.
Many young Australians feel like they’re “renting their future” rather than owning it, leading to what Scopelliti calls Australia’s quarter-life crisis the collision between expectation and reality.
The Quarter-Life Crisis Explained
Young adults are entering the workforce with degrees, debts, and digital skills but facing an unstable future. “They’re entering adulthood with housing insecurity, job automation, and delayed independence,” says Scopelliti.
To change course, he believes Australia must invest in adaptability through education reform, AI literacy, and fairer housing policies.
How AI and Automation Deepen the Divide
Artificial intelligence is reshaping the job market and not always for the better. According to Rocky, early career roles once used to save for a home deposit are now being automated.
“Entry-level and clerical roles, once the first step to saving for a deposit, are now among the most vulnerable,” he notes.
Generations burdened with student debt, millennials and Gen Z, are seeing traditional milestones like home ownership and family life slip further away.
Adapting to a Faster Future
Despite the challenges, Rocky remains optimistic. “Hope isn’t cancelled, it’s just under renovation,” he says.
He believes the best response to uncertainty is agency. Australians, he suggests, should focus on adaptability, digital skills, and policies that promote equity in housing and work.
“Live deliberately, not defensively. The future isn’t happening to us we’re still writing it together.”
A Final Thought
As Rocky reminds us, “The best thing about the future is that it hasn’t happened yet.” In the words of Back to the Future’s Doc Brown: “Your future is whatever you make it so make it a good one.”
Article supplied with thanks to Sonshine.
Feature image: Canva
