Business
Young people’s incomes have fallen over past decade as older Australians powered ahead, report finds – ABC News
The Federal Government’s own economic think-tank confirms that young people’s real incomes have fallen over the past decade, even as older Australians enjoyed continued pay rises. And the younger you are, the worse the situation is.
It’s official. The Federal Government’s own economic think-tank has confirmed that young people’s real incomes have fallen over the past decade, even as everyone else has enjoyed continued pay rises.
Key points:
- Real incomes fell an average of 1.6pc per year for 15-24-year-olds since 2008, and 0.7 per cent for 25-34-year-olds
- In contrast, real incomes for over-65s have almost doubled since the turn of the century
- The Productivity Commission says stagnant real wages for …
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