Business
The rich, the comfortable middle and the rest: Australia’s wealth and income ladder revealed – Sydney Morning Herald
New research compares the upper, middle and lower rungs of wealth and income.
The bottom 60 per cent of Australian households had average wealth of $277,000, with owner-occupied housing and superannuation the biggest assets.
The average wealth in households with a reference person aged 65 years and over was $1.38 million – 1.5 times that of younger age groups (with an average of $904,000).
Income is more equally distributed than wealth. The best-paid 20 per cent of households had an average pre-tax income of just under $300,000 a year, the middle 20 per cent $116,000, and…
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