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The Guardian - AU
The Guardian - AU
National
Stephanie Convery Inequality reporter

Disposable income soared for richest Australians after pandemic began but went backwards for the rest, report says

Aerial image of beach and waterfront properties in Sydney, Australia
Between 2020-21 and 2021-22 household disposable income fell for 90% of Australians, a Productivity Commission snapshot of inequality says. Photograph: Joel Carrett/AAP

Disposable income shot up for the richest 10% of Australian households after the pandemic began, while the rest of the country found their financial situation going backwards, new analysis has shown.

On Tuesday the Productivity Commission released a new report, A Snapshot of Inequality in Australia, examining how income and wealth inequality changed because of the Covid-19 pandemic-induced recession and subsequent economic recovery.

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