<
https://theconversation.com/our-analysis-of-wealth-trends-suggests-australias-middle-class-may-be-shrinking-245140>
"There are growing concerns about wealth inequality in Australia and what it
means for people’s ability to get ahead.
For many, home ownership has become a pipe dream. Huge numbers of Australians
now feel the cards are increasingly stacked against them.
Our recent working paper examined changes in absolute and relative wealth held
by Australians, using data from the Household, Income and Labour Dynamics in
Australia (HILDA) Survey.
We examined trends in holdings across different asset classes between 2002 and
2018, also breaking down this data by age.
In absolute terms, Australia’s wealth gaps are large and growing. Between 2002
and 2018, the absolute wealth gap between the top 10% and the bottom 10% of
households increased – from A$1.33 million to $2.19 million.
But if we look beneath the surface at relative measures, some groups –
including the poorest households – have actually improved their standing on
certain metrics.
For young people and middle Australia, however, it’s a sobering picture –
especially when it comes to property ownership."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
