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Australia ranks very high on these global indexes. A relative poverty line was calculated in Australia for the Henderson poverty inquiry in 1973. It was $62.70 a week, which was the disposable income required to support the basic needs of a family of two adults and two dependent children at the time.
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
List of countries by income inequality based on Pre-tax national income share held by top 10% of the population, Income Decile 1 and Interdecile P90/P10; Country/Territory UN Region World Bank Income group (2024) Pre-tax national income Top 10% share [a] Income Decile 1 [b] Interdecile P90/P10 [c] World Inequality Database [9] Year UNU-WIDER [3 ...
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Three cities from the New York City metro area rank in the top 10 for highest income inequality. Newark ranks third, with the highest earners making over 6.8 times as much as the lowest earners.
30 May – The "Keep the Sheep" campaign is launched by Western Australia's agricultural sector, protesting the Federal Government's decision to end live sheep exports. [326] The campaign's launch is preceded by a large protest rally in Perth the following day in which trucks and farm vehicles were used to bring traffic to a crawl in the Perth CBD.
In 2018, it was reported that Australia’s full-time gender pay gap was 14.6% and women earnt on average A$244.80 per week less than men. [6] It was also reported that Western Australia had the highest pay gap by state and territory (22.4%), while the lowest pay gap was reported in Tasmania (9.7%). [6]
The concept of inequality is distinct from that of poverty [5] and fairness. Income inequality metrics (or income distribution metrics) are used by social scientists to measure the distribution of income, and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general.