‘Wealth in Australia is highly concentrated, with the top 10% of wealth holders owning 45% of all wealth.
‘In a country that prides itself on its egalitarian traditions, the reality of income and wealth inequality in Australia comes as a shock to many. The purpose of this report is to use the latest available information to explain in simple, objective terms what is happening with income and wealth inequality, how big the gaps are, whether they are widening, and who is affected.’
(see the full report by the Australian Council of Social Service, June 2015)