Trends in the distribution of income and wealth

Trends in Australia Australia is one of the less equal societies in the industrialised world. Income 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 .

Australia is one of the less equal societies in the industrialised world.

Income 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.

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.

Age 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.

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 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.

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.

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 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.

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.

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.