Picture: NewsWire / Nicholas EagarSkipping coffees and cutting back on streaming services won't help younger Australians who are disproportionately getting hit by the cost-of-living crunch. "For me in particular it is not necessarily one big financial shock or issue, it is death by 1000 cuts kind of vibe," she said. Picture: NewsWire / Nicholas EagarMilly said the traditional social contract of working hard to buy a home and raise a family had been broken thanks to persistent cost-of-living pressures. Picture: NewsWire / Nicholas EagarThe study found 59 per cent of Gen Z regularly moved money between accounts or delayed payments because bills were due before payday. GoCardless chief revenue officer Pat Phelan said Gen Z were building financial lives with far less margin than previous generations.