The average wealth of Australian households breaks one million for the first time, but the rich are getting richer and the poor are standing still
He said: "In the past ten years, pension holdings have increased by 90%, while real estate has only grown by about 37%."
At the same time, the long-term growth of housing prices has further promoted the increase in average household wealth.
Hockman said: "Despite the recent decline in housing prices from the Bureau of Statistics, in the long run, overall Australian housing prices have continued to increase. Since 2005/06, overall Australian housing prices have increased by 37%. "
However, behind the average wealth breaking one million is an increase in uneven distribution. Among all Australian residents, more than half have a net worth of A$558,900 or less.
In other words,最高20%的家庭平均净值是最低20%家庭平均净值的93倍，即320万澳币对比35,200澳币的差距。
The Gini coefficient is a core indicator used to measure the unequal distribution of wealth. Since 2015, the coefficient has risen significantly.
From the "median" point of view, the value is even lower, only 899 Australian dollars per week.
The Australian Bureau of Statistics report explains: “This is because Australia has a larger proportion of low- and middle-income households and a smaller proportion of high-income households."
Hockman, chief analyst at the Australian Bureau of Statistics, said the survey covered the super-rich.
He said: "The report contains data on the super rich, but we will not release data separately for this level. Part of the reason is that the data is easy to use for individual identification. The credibility of the Australian Bureau of Statistics data depends largely on We protect and maintain the trust of respondents in us."
However, from a statistical point of view, this statistical sample is unlikely to be included in the "Australian Financial Review" as the richest 200 people.
However, many economists have expressed objections to this position.
As early as in an article published in May this year, political economist Dr. Christopher Sheil and Honorary Professor Frank Stilwell came to such a conclusion after using data from the Organisation for Economic Cooperation and Development (OECD) and the Australian Bureau of Statistics.That is, Australia's richest 10% group owns more than 50% of the country's wealth, which is a significant increase from the four years as of 2016.