A recent study reveals a direct link between unaffordable housing and risky financial behavior. As homeownership becomes less attainable, individuals tend to spend more, especially on non-essential items and speculative investments. This shift in financial habits, not a lack of discipline, is a rational response to the diminishing incentive to save for a down payment. The situation raises concerns, particularly in countries like Australia, where housing affordability is a pressing issue, potentially leading to a widening wealth gap and decreased productivity.

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