‘We’re doomed anyway’: young people disheartened about the future are splashing out on the present

Spending $8 on a matcha every day seems worth it when the alternatives – like saving for a house – feel virtually unattainable

An Tran treats herself to experiences like concerts and movie tickets.

The 21-year-old Sydney law student, who is working towards paying her tuition fees, says many of her friends spend their spare money on matcha, Labubu toys and trending makeup items.

Tran, who moved from Vietnam two years ago, says she appreciates what she has in Australia but can understand why young people like her are concerned about the future.

“We feel like we’re doomed anyway so why should we save?” she says.