Fortunes are favouring the old

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By Leith van Onselen

Back in August 2013, researchers from Curtin University released stunning research examining the extent to which welfare policies across the period 1984 to 2010 favoured the elderly at the expense of the young.

Their three main findings were that

  1. there has been a substantial shift over this period in favour of the elderly;
  2. this trend has accelerated rapidly in recent years under both the Howard and Rudd Governments; and
  3. as a result of this accelerated trend, elderly households today are on average well off by comparison with younger households.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.