Australia's economic status is facing scrutiny with reports indicating challenges for younger generations and a shift in national sentiment. The AFR notes a decline in Australia's standing as a leading country, while ABC News and The Australian discuss a bleak economic future for younger Australians. The Treasury's rosy economic projections is criticized as overly rosy, with Newsquawk and AFR highlighting the harsh realities behind such projections. Meanwhile, SBS reports the critical role of immigration in sustaining Australia's growth as it approaches a population turning point.