Question: has inequality increased in australia?
Answer: Wealth inequality in Australia continues to increase. The average wealth of the highest 20% rose by 53% (to $2.9 million) from 2003 to 2016, while that of the middle 20% rose by 32% and that of the lowest 20% declined by 9%. Household wealth shifted from younger to older age groups between 2004 and 2016.