Stark divide between young and old as Australian household incomes and wealth stall
- Written by Roger Wilkins, Professorial Research Fellow and Deputy Director (Research), HILDA Survey, Melbourne Institute of Applied Economic and Social Research, University of Melbourne
Australia's wealth tends to be with older people.Image sourced from www.shutterstock.comPoverty in Australia has declined, welfare reliance has stabilised and long-term poverty is becoming rare - but overall economic wellbeing is no longer improving, and households wealth has remained static, despite rising property prices, according to...
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