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  2. Poverty in Australia - Wikipedia

    en.wikipedia.org/wiki/Poverty_in_Australia

    Reports released by the Australian Council of Social Service in 2016 and 2020 stated that poverty was growing in Australia, respectively estimating that 2.9 million people (13.3% of total) and 3.2 million people (13.6% of total) had an income below 50% of the national median. The reports also respectively estimated that there were 731,000 (17.5 ...

  3. List of countries by income inequality - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Income ratios include the pre-tax national income share held by top 10% of the population and the ratio of the upper bound value of the ninth decile (i.e. the 10% of people with highest income) to that of the upper bound value of the first decile (the ratio of the average income of the richest 10% to the poorest 10%).

  4. Economic inequality - Wikipedia

    en.wikipedia.org/wiki/Economic_inequality

    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).

  5. List of sovereign states by wealth inequality - Wikipedia

    en.wikipedia.org/wiki/List_of_sovereign_states...

    Wealth distribution can vary greatly from income distribution in a country (see List of countries by income equality). Higher Gini coefficients signify greater wealth inequality, with 0 being complete equality, whereas a value near 1 can arise if everybody has zero wealth except a very small minority.

  6. Lorenz curve - Wikipedia

    en.wikipedia.org/wiki/Lorenz_curve

    This can be depicted by the straight line y = x; called the "line of perfect equality." By contrast, a perfectly unequal distribution would be one in which one person has all the income and everyone else has none. In that case, the curve would be at y = 0% for all x < 100%, and y = 100% when x = 100%. This curve is called the "line of perfect ...

  7. Income inequality metrics - Wikipedia

    en.wikipedia.org/wiki/Income_inequality_metrics

    The Atkinson ε parameter is often called the "inequality aversion parameter", since it regulates the sensitivity of the implied social welfare losses from inequality to income inequality as measured by some corresponding generalised entropy index. The Atkinson index is defined in reference to a corresponding social welfare function, where mean ...

  8. Economy of Australia - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Australia

    Australia's economy is strongly intertwined with the countries of East and Southeast Asia, also known as ASEAN Plus Three (APT), accounting for about 64% of exports in 2016. [46] China in particular is Australia's main export and import partner by a wide margin. [47] Australia is a member of the APEC, G20, OECD and WTO.

  9. Income distribution - Wikipedia

    en.wikipedia.org/wiki/Income_distribution

    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.