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Name: Two thirds of Australians earning more than their parents
Uploaded: 2024-07-11T10:37:11.750Z
Duration: 1 min 58 s

Two thirds of Australians earning more than their parents

Published 11 July 2024, 10:26 am

Australia has ranked among the top countries globally for income mobility. A government report found around two thirds of Australians born between 1976 and 1982 earn more money than their parents did at a similar age. However, that's increasingly not the case for those in poverty, women and those born after 1990; many of whom entered the workforce as the economy dramatically slowed following the global financial crisis.

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Australia