Trends in the Trends in the distribution of income distribution of income

and wealth and wealth

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Trends in AustraliaTrends in Australia • Australia is one of the less equal societies in the Australia is one of the less equal societies in the

industrialised world. industrialised world. • Income inequality has fallen in recent yearsIncome inequality has fallen in recent years

Groups in society are effected by inequality depending on:

• Age• qualifications, • Gender• occupation, • Cultural background• family type

• were they live in Australia.

TRENDS IN AUSTRALIA

Almosat 60% of the population earn less then the mean income of $549 per week.

A small number of households have a relatively high incomes.

Large number of households relatively low income.

AgeAge and education • Income levels are low in the early years of working

life.

• Income levels decline as people get older and enter retirement

• The distribution of wealth is influenced by the individuals age.

• Higher qualifications = higher wealth.

Gender and occupationGender and occupation

• In Australia in 2005 – 06 the average weekly earnings of women were $644 and males $983.

• This has been an occurance from the 1990’s to present as men continue to have higher wages then women

• In the present the average weekly earnings of women is still 8% lower then those of males.

Ethnic and cultural background

• In general those born over seas in English speaking countries receive higher weekly income levels then those born in Australia

• Migrants from Non -English speaking countries have lower income levels than Australian born people.

• Indigenous Australians suffer from low income levels.

Family structureFamily structure

• One person & Single parent households recieve a weekly income significantly below the Australian average weekly earnings.

• Single - parent households are around 30% below the average income levels.

• Couple households enjoy significantly higher wealth compared with single parents.

Geography • In the Australian capitol territory income earned is low,

the highest average weekly income is $1026 and Tasmania even lower.

• The more well of regions include: nsw, and the ACT

• Although it must be remembered the cost of living in a well of region is far more expensive then living in a low income area.