Wealth and Income Inequality in Australia

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https://www.unsw.edu.au/newsroom/news/2024/04/wealth-gap-widening-new-report-acoss

What subject are you studying?

https://bit.ly/3xsVnb5

What did you learn from trying the wealth calculator?

What is the main finding of the UNSW Sydney and ACOSS partnership report?

• The wealth gap is decreasing.

• Income inequality has increased.

• The wealth gap is widening while income inequality has decreased.

• There is no change in wealth and income inequality.

What percentage of the increase in household wealth since 2003 went to the highest 10%?

• 25%

• 75%

• 45%

• 60%

The average wealth of the highest 10% of households under 35 is (a)   .

• $3 million
• $2 million
• $1.5 million
• $928,000

Match the following wage growth percentages with the corresponding income groups between 2021 and 2023.

• Second lowest 10%

• 3.3%

• Median income group

• 2.5%

• Highest 10%

• 5.5%

• Lowest 10%

• 4.9%

What is the suggested rate for JobSeeker to reduce income inequality?

• $100 a day

• $55 a day

• $70 a day

• $80 a day

What is the main cause of income inequality according to Scientia Professor Carla Treloar?

• Unequal distribution of wealth

• Lack of education

• High unemployment rates

• Unequal distribution of earnings

The average wealth of the top 10% of households is (a)  

• $6 million
• $5.2 million
• $3.5 million
• $2.8 million

What percentage of all wealth is held by the top 10% of households?

• 45%

• Nearly half

• 35%

• 25%