Friday, September 18, 2015

Australian Mean Income since 1995 - Gone backwards in every quintile except the highest

Been looking at the ABS report: House Hold Income and Wealth 2013-14 that was released earlier this month. While it has shown incomes have increased since 1995 in all quintiles, I was curious whether it has kept pace with inflation. Turns out, it hasn't for all quintiles, except the top one. Top 20% are going great guns...the rest, not so much. Also shows just how bad the GFC was for everyone...and how we haven't really recovered from it.


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