Brisbane Times
·general
·1 hour ago
Wealth gap between older and younger Australians risks reaching record levels
Australia's intergenerational wealth gap risks returning to record levels despite pandemic-era improvements, research from the Actuaries Institute shows. Australians aged 65-74 gained $375,000 in household wealth over two years while 25-34 year-olds gained just $98,000. Rising government spending on pensions and aged care, funded by debt and taxes on working-age Australians, widens the equity.
Summary by Glance · Brisbane Times
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