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Articles on Wealth

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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.
Data from the Australian Prudential Regulation Authority (APRA) reveals the average balance on housing loans has barely trended upwards over the last five years. Tracey Nearmy/AAP

Three charts on mortgage stress: it isn’t as bad as you might think

When you look at the data (in three charts) on mortgage stress, the systemic risk of people not being able to repay their home loans appears small.
Generations have differences but it’s the inequality within a generation that deserves more debate. www.shutterstock.com

The smashed avo debate misses inequality within generations

The debate about different generations’ economic status misses the inequality within generations, especially younger Australians.
HILDA data shows superannuation will soon overtake the family home as the major asset owned by Australians. Paul Miller/AAP

Wealth inequality shows superannuation changes are overdue

Superannuation changes are sorely needed because recent data shows only a small number of wealthy Australians are accumulating wealth through it.

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