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Survey shows Australians are wealthier than ever but worrying signs for some

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发表于 2020-11-22 22:34:07 来自手机 | 显示全部楼层 |阅读模式


The latest release of the Household, Income and Labor Dynamics in Australia (HILDA) Survey shows that while Australians are more prosperous than they were 18 years ago, some groups—particularly single parents—are experiencing worrying declines in economic security.

Household wealth growing

HILDA, conducted by the Melbourne Institute, is Australia's only nationally representative longitudinal household study. The latest data shows that the average Australian household income has grown in real terms by $23,248 since 2001, and average household wealth has increased to nearly $1 million.

More women are working than ever before—73 percent, up from 64 percent in 2001. In 2018, men on average earned $1,542 each week, and women $1,098.

While wealth inequality increased until 2006, it has remained largely stable since, and income inequality has barely changed since 2001.

Older Australians have seen the largest increases in wealth—particularly older couples, whose average household wealth is now over $1 million.

Who has been worst-affected by COVID-19?

Based on data gathered in 2018, the survey also reveals the segments of the population most exposed to the economic impact of COVID-19.

In 2018, more than a third of people under 24 worked in industries that ended up losing 15 percent or more of their work force during the pandemic. Families with children and single people are also overrepresented in the industries most affected.

Melbourne Institute Deputy Director and report co-author Professor Roger Wilkins said the report shines a light on the unequal impacts of the pandemic.

"People in households obtaining most of their income from hospitality, arts and recreation industries are the most vulnerable. Unfortunately, many of these people tended to have lower economic resources, and were relatively disadvantaged, even before the onset of the pandemic," Professor Wilkins said.

Approximately two million Australians live in households where the main income earner works in an industry most exposed to the pandemic recession.

People in these households are also more likely to be renters, have lower incomes and wealth, and are more likely to experience financial stress.

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发表于 2020-11-22 22:36:27 来自手机 | 显示全部楼层
good sharing
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发表于 2020-11-22 22:36:46 来自手机 | 显示全部楼层
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发表于 2020-11-22 22:59:18 来自手机 | 显示全部楼层
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发表于 2020-11-22 23:05:23 来自手机 | 显示全部楼层
Such A Nice Post
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发表于 2020-11-23 03:03:22 来自手机 | 显示全部楼层
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发表于 2020-11-27 19:00:35 来自手机 | 显示全部楼层
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