Today’s young Australians will be the first generation to have lower living standards than their parents. With a housing system designed to generate wealth for older investors, a student debt avalanche spiralling out of control, and a welfare system pushing down wages, it is clear young Australians are struggling to make ends meet. Gabrielle Jackson talks to Guardian Australia’s editor-in-chief, Lenore Taylor, and deputy live news editor, Jo Tovey, about the generational divide in the cost-of-living crisis