Australian children do not feel hopeful about their futures, with many citing financial concerns and housing as their main worries.

The inaugural State of Australia's Children report provides a snapshot of the nation's children and teenagers, collating more than 100 data sets and input from at least 2000 children across Australia.

Many of those surveyed reported declining life satisfaction as they grew older and less than a third of teens said they felt excited and hopeful about the next five years.

Anxieties about the future are most acute among 16 and 17-year-olds, with almost half citing financial security and housing as the greatest concerns facing their generation.

More than 40 per cent said making housing more affordable would be their top priority if they were to lead the countr

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