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Articles on Income

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Finance capital is calling the shots and one of the many consequences of this is increasingly insecure employment. jijomathaidesigners

Finance drives everything — including your insecurity at work

Less secure jobs are just one aspect of the rise of finance capital. It’s a driver of increasingly uneven income distributions and corporate priorities that are now putting our future at risk.
Highly inflated house prices are more concerning to people wishing to move from renting to purchasing a house (mostly potential first home buyers). Dan Peled/AAP

Housing costs are actually the same as in 1993, but renters still struggle

Even though house prices have risen substantially over recent decades, housing affordability for those with mortgages or own their houses outright hasn’t worsened
Jeff Bezos is now the richest person in the world. Reed Saxon/AP Photo

The world on a billionaire’s budget

There are about 2,000 billionaires in the world, controlling over $7.6 trillion. How does that compare to the income of an average American?
The ‘Closing the Gap’ initiative has existed since 2006, but the statistics show the gap is growing. Mick Tsikas/AAP

We’re not closing the gap on Indigenous employment, it’s widening

To Close the Gap, Indigenous Australians are the experts. Indigenous organisations are more likely to achieve outcomes because they understand local issues and have ‘skin in the game’.
The incidence of poverty among people over 65 is decreasing in part because of increased labour force participation. Col Ford and Natasha de Vere/Flickr

Older people now less likely to fall into poverty

There has been a substantial improvement compared to 15 years ago, when the incidence of poverty among the elderly was 32.4%.
The region with the most unequal incomes in Australia is Melbourne City, where the top 20% have an income that is 8.3 times as high as those in the bottom 20%. Dan Peled/AAP

What income inequality looks like across Australia

Census data shows there is income inequality between, but also within, regions of Australia.

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