In this episode of Weekly Finance News Wrap, Paige Estritori discusses the financial strain young Australians are facing due to rising interest rates, especially those with mortgages. Meanwhile, older Australians are benefiting from higher interests on their savings. Increased rental costs driven by high immigration further exacerbate this issue, leading to a call for policymakers to distribute economic burdens more equitably. The episode also covers the influence of AI in financial planning, noting the challenges of data security, ethics, and compliance. Aphore Securitys assessment suggests U.S. AI solutions fare better in compliance against their Australian counterparts. The podcast also reveals that Australia's financial advisory sector plans to serve an additional 650,000 clients, despite facing regulatory barriers. The resilience of Australian homeowners amidst rising interest rates is applauded, with mortgage arrears low due to smart financial adjustment, pandemic savings, and low unemployment.n