It’s official: Australia’s rich are getting richer

The ABS has released its biennial Household Income and Wealth survey, which confirms that wealth inequality has unambiguously worsened:

The distribution of wealth is more unequal than the distribution of income. Graph 1 shows that the wealthiest 20% of Australian households owned 63% of total household wealth in 2017–18. By comparison, the lowest 20% of households owned less than 1% of all household wealth…

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