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The housing boom increased wealth gains for affluent households while rising housing costs undermined income gains for less affluent households. Sam Mooy/AAP

How the housing boom has driven rising inequality

The Productivity Commission neglected the impact of housing costs. After allowing for these costs, the top 10% of households' average disposable income grew at 2.7 times the rate of the bottom 10%.
The glum business sentiment is in sectors related to consumer spending. www.shutterstock.com

Face Value: business leaders nervous about consumers spending less and regulation

Business leaders some sectors are feeling less positive about the year ahead because consumers are spending less, according to our analysis of the outlook of leaders of Australia’s ASX 200 companies.
Got a spare $250 million? If you’re among the 0.1 percent, you probably do. Bruce Makowsky

How rich are the rich? If only you knew

Income inequality, the most common way to measure the gap between the rich and the poor, only tells part of the story. Wealth inequality tells the rest.
On current trends, renters will eventually outnumber home buyers, representing a fundamental shift in how the economy and wealth generation work. Mick Tsikas/AAP

Moving on from home ownership for ‘Generation Rent’

Generation Rent may force a complete rethinking of home ownership as a basis of our housing systems. Rather than representing security, these housing markets make us vulnerable.

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