I’ve been looking into it.

Our current economic conditions are magnifying existing issues.

So the rocketing price of housing and inflation in prices for unavoidable goods like food and fuel have created a cost-of-living crisis.  The impact is particularly felt by younger people, because they have the most debt – largely home loans.

But the higher interest rates, used to tame inflation, are boosting the value of assets generally held by older people, such as deposits. Separately, house prices and the share market are rising too.

What’s next?

The generational split in income and the ability to spend won’t change until either wages rise, interest rates fall, or both.

You can read more about it, or watch this report. (With beautiful shots from ABC camera operator Sean Warren).

The ABS knows what the people want: more real estate data.

At 11.30AM AEST we’ll get the latest read on the ‘Total Value of Dwellings’ in Australia, with estimates of the total value, number and mean price of Australia’s dwellings, as well as median prices and counts of residential property transfers.

Here’s the last look we had, the March quarter, released in June.

• The total value of residential dwellings in Australia rose by $209.4 billion to $10,720.7 billion this quarter.
• The number of residential dwellings rose by 52,700 to 11,176,100 this quarter.

You read it right. $10.7 trillion in dwellings.

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Jim Chalmers has been negotiating with the Coalition about legislation that will give life to some of the recommendations of a broad review into the Reserve Bank of Australia and he’s booked a press conference to talk about it.

Stay tuned.

The newly-imposed caps on international student numbers are starting to bite.

The University of Melbourne has told Nine Newspapers it will impose a hiring freeze and slash other costs, claiming the federal government’s caps on international students will cost the prestigious institution $85 million in lost tuition fees next year.

The tertiary education sector has become one of our biggest export industries, particularly in non-mining states, so there was a surprising lack of uproar when the caps were announced.

I’ve already had angry emails from people supportive of the cuts, which I’ve discussed on radio this morning.

The concern is that the changes, over some decades, have turned education into a service industry and have distorted our immigration and real estate sectors.

“Melbourne has become unrecognisable in a bad way,” is the general tone of the emails.

A side rarely discussed, is that people do like the diversity, wealth, new customers and tax revenue brought by the people who’ve flocked here as we’ve successfully educated the middle class children of largely Asian nations.

ASX 200 futures: +1% to 8,042 points

Australian dollar: Flat at 66.6 US cents

Dow Jones: +1.2% to 40,829 points

S&P 500: +1.2% to 5,471 points

Nasdaq: +1.2% to 16,884 points

FTSE 100: +0.4% to 8,270 points

EuroStoxx 50: +0.9% to 4,778 points

Spot gold: +0.3% to $US2,505/ounce

Brent crude: +1.2% to $US71.94/barrel

Iron ore: +0.7% to $US92.35/tonne

Bitcoin: -+4.3% to $US57,337

Prices current around 7:15am AEDT.

Live updates on the major ASX indices:

Good morning!

Daniel Ziffer from the ABC business unit, kicking off our daily business blog for Tuesday.

Lots to get through today, let’s get started.

Wall Street’s key Dow Jones index jumped +1.2% (after substantial losses on Friday) to be 40,829 points.

The broader S&P 500 is +1.2% higher at 5,471 points.

The tech-heavy Nasdaq is still trading as I write this, but also up +1.1%, currently at 16,884 points.

The ASX 200 futures index tips the flagship index will move +1% up, or 77-points to 8,042-points when trading started at 10AM AEST.

Before that, Treasurer Jim Chalmers will be giving an update on the contentious legislation to reform the Reserve Bank.

Let’s get into it.

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