<p>It's been a year of stretched household budgets as the cost of living crisis continues. </p><p>But given the cost of housing, it's being felt very differently across the generations. </p><p>Today, ABC finance expert Alan Kohler and his son, Nine News finance editor Chris Kohler on how the pinch is affecting Australians and what’s in store for 2025. </p><p>Alan Kohler discusses the significant impact of high interest rates and the challenges faced by younger generations in entering the housing market. </p><p>He explains how immigration and government spending masks the true extent of economic hardship. </p><p>Chris Kohler discusses the lack of competition in key industries, such as supermarkets, and its effect on consumer prices. </p><p>Featured:</p><p>Alan Kohler, ABC finance presenter</p><p>Chris Kohler, Nine News finance editor</p><p>Key Topics:</p><ul><li>Cost of living crisis</li><li>Housing affordability</li><li>Generational economic divide</li><li>High interest rates</li><li>Immigration and economy</li><li>Government spending</li><li>Competition in supermarkets</li><li>Economic outlook 2025</li><li>Consumer prices</li></ul>