Household wealth in Australia has taken its biggest dive since the global financial crisis. But it’s not all doom and gloom.
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%.
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.
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.
If the gap between the wealth of the billionaires and that of the average residents continues to widen dramatically, there is likely to be discontent.
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.
A new report finds two million Australians lack the resources to bounce back when difficult circumstances arise.
Australia has become collectively richer but much more unequal in recent decades.
Household incomes and wealth have remained stagnant since 2009.