Aussie group worse off than any other

aussie group worse off than any other

Sumary of Aussie group worse off than any other:

  • Single-parent families continue to be the most economically insecure households in Australia, regularly forced to go without essentials to make ends meet..
  • It a stark contrast to the rest of Australia, with new research finding Australians are more prosperous than they were 18 years ago, and average household wealth has increased to nearly $1 million..
  • The latest Household, Income and Labour Dynamics in Australia survey reveals the median income of single-parent households has declined from $38,000 in 2016 to $34,000 in 2020..
  • in the past year, and their use of childcare had significantly declined since 2016 from 52 per cent to 35 per cent due to rising costs and falling incomes..
  • “The HILDA survey evidence on the economic fortunes of single-parent families in recent years is a concerning trend,”.
  • More generally, the report found the average Australian household income had grown by more than $23,000 since 2001, and the average household wealth had increased to nearly $1 million….

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