Articles sur Wealth

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There is a glaring need to reform Australia’s archaic wealth inequality statistics to make them commensurate with international practice. www.shutterstock.com

Bad data collection means we don’t know how much the middle class is being squeezed by the wealthy

The squeeze on wealth in the middle class by those at the top is a long established trend in international inequality data. But the ABS doesn't provide this information.
Anyone can use a discretionary trust but the beneficiaries of trusts are usually all part of the one family or extended family. Joel Carrett/AAP

Family trusts often cause more harm than good

Overwhelmingly, trusts are used to minimise tax, avoid paying creditors and to avoid the fair division of property after a relationship breakdown.
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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