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Trends in the distribution of income By Louise Zaccagnini

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Trends in the distribution of income By Louise Zaccagnini

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Trends in the distribution of income By Louise Zaccagnini

  1. 1. Trends in the distribution of income and wealth
  2. 2. Trends in Australia <ul><li>Australia is one of the less equal societies in the industrialised world. </li></ul><ul><li>Income inequality has fallen in recent years </li></ul><ul><li>Groups in society are effected by inequality depending on: </li></ul><ul><li>Age </li></ul><ul><li>qualifications, </li></ul><ul><li>Gender </li></ul><ul><li>occupation, </li></ul><ul><li>Cultural background </li></ul><ul><li>family type </li></ul><ul><li>were they live in Australia . </li></ul>
  3. 3. TRENDS IN AUSTRALIA <ul><li>Almosat 60% of the population earn less then the mean income of $549 per week. </li></ul><ul><li>A small number of households have a relatively high incomes. </li></ul><ul><li>Large number of households relatively low income. </li></ul>
  4. 4. Age and education <ul><li>Income levels are low in the early years of working life. </li></ul><ul><li>Income levels decline as people get older and enter retirement </li></ul><ul><li>The distribution of wealth is influenced by the individuals age. </li></ul><ul><li>Higher qualifications = higher wealth. </li></ul>
  5. 5. Gender and occupation <ul><li>In Australia in 2005 – 06 the average weekly earnings of women were $644 and males $983. </li></ul><ul><li>This has been an occurance from the 1990’s to present as men continue to have higher wages then women </li></ul><ul><li>In the present the average weekly earnings of women is still 8% lower then those of males. </li></ul>
  6. 6. Ethnic and cultural background <ul><li>In general those born over seas in English speaking countries receive higher weekly income levels then those born in Australia </li></ul><ul><li>Migrants from Non -English speaking countries have lower income levels than Australian born people. </li></ul><ul><li>Indigenous Australians suffer from low income levels. </li></ul>
  7. 7. Family structure <ul><li>One person & Single parent households recieve a weekly income significantly below the Australian average weekly earnings. </li></ul><ul><li>Single - parent households are around 30% below the average income levels. </li></ul><ul><li>Couple households enjoy significantly higher wealth compared with single parents. </li></ul>
  8. 8. Geography <ul><li>In the Australian capitol territory income earned is low, the highest average weekly income is $1026 and Tasmania even lower. </li></ul><ul><li>The more well of regions include: nsw, and the ACT </li></ul><ul><li>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. </li></ul>

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