Poor getting a foot on the ladder, according to RBA

Original article by Jacob Greber
The Australian Financial Review – Page: 6 : 17-Jun-16

Researchers from the Reserve Bank of Australia (RBA) have found no evidence of growing inequality in Australia. A study published in the RBA’s quarterly research bulletin shows that the bottom 20 per cent of households experienced an increase in their wealth by more than 21 per cent between 2010 and 2014. Other social groups were less fortunate, with stagnation in wealth of the middle class and a fall in wealth of the richest 20 per cent of the Australian society.


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