On many dimensions, Millennials aged 25-35 are better off than were Boomers, with housing and the environment the big exceptions.
New tax office figures show only 2% of Australians earn more than $211,000 a year.
The government has done a good job so far, but it will have to direct future support to the Australians most likely to spend.
Low income workers are suffering much more than high income ones. It’s a pattern that dates back millennia.
About seven times as many Americans are working from home since the COVID-19 pandemic hit.
Working from home has become the new norm for many during the pandemic. But it’s an opportunity that divides along racial and economic lines – and isn’t as beneficial to the environment as many believe.
A pot-banging ‘cacerolazo’ makes himself heard during economic protests in Bogota, Colombia.
Economic inequality is growing across the world, but few are talking about the ways to tackle it.
The evocative graphic shows the tax rate of high earners falling below that of low earners as 2018 approaches.
The graph says Americans on the highest incomes now face lower tax rates than Americans on low incomes. It’s a consequence of an unusual definition of income.
The Australian Bureau of Statistics insists inequality has been stable, but its data suggests something less rosy.
Better data would tell us more about the ultrawealthy, but they really do seem to be growing more wealthy, more quickly, than the rest of us.
Much of what’s been promised would have had to happen anyway.
The promised tax cuts will benefit high earners in 2022 and 2024, but by then they’ll need it.
The losers from Labor’s capital gains tax policy aren’t all where you would expect them to be, whatever you expect.
At times we are told Labor’s capital gains tax policy will hit mainly high earners. At other times, low earners. The truth, uncovered by our microsimulation model, tells us something about ourselves.
It’s unsurprising that a large number of people pay no net tax.
Its extremely common, everywhere, for large numbers of people to pay no net tax. It tells us nothing about the size of the welfare state or about whether it bribes people to keep tax high.
Public health spending is an important factor in reducing inequality between households in Australia.
The Australian Bureau of Statistics’ latest analysis of the impact of government benefits and taxes on household income shows this reduces income inequality by more than 40% in Australia.
Wealth in Australia is much more unequally distributed than income.
AAP Image/Mick Tsikas
The two major sources of data show conflicting trends on income inequality.
New research shows that spatial segregation between the rich and poor in our six largest cities has been increasing over time.
John W. Iwanski/flickr
Not only has income inequality in Australia grown over the past two decades, rich and poor are also more segregated in terms of where they live in the big cities.
Who is paying the most?
Tax burden via Orla/www.shutterstock.com
In his budget, George Osborne said that we are all in this together. A look at the evidence shows that we’re not.
Leonardo DiCaprio plays Jay Gatsby in the The Great Gatsby. Jay’s story has been used by economists to explain the combination of unequal distribution of income and less economic mobility.
Evidence on the ability, or lack thereof, of children to rise above the economic status of their parents shines light on the continued persistence of inequality, including in South Africa.
How well does the budget “share” the pain around and by what definitions of fairness?
Joe Hockey says that this budget shares the pain. But what is the right share for whom? This budget is like all the others – it lacks a compass that tells us the overall effect of government spending and…