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Income inequality is increasing in Australia: the wealthy are getting richer and the poorest 50 per cent of the population are increasingly struggling– a trend that has continued for nearly 30 years.
RMIT economist Alberto Posso talks about the latest well-being figures from the Australian Bureau of Statistics. Australians are richer, living longer and better educated. And while income inequality is increasing, the poor are better off than they were 10 years ago.