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 …
-
Noosa News22 hours agoPower outages, traffic delays after truck smashed power pole; 100 years since Greater Brisbane was formed; Lions victory set to be plastered onto a Metro
-
Noosa News23 hours agoNoosa cheers on Dad’s $100k marathon mission
-
Noosa News24 hours agoWhy Phoebe Litchfield’s first ODI World Cup could signal a new era in Australian cricket
-
Business23 hours ago5 excellent ASX dividend shares to buy in October