Media Release | Wednesday, 27 September 2023 The gap between those with the most and those with the least has blown out over the past two decades, with the average wealth of the highest 20% growing at four times the rate of the lowest, new research by ACOSS and UNSW Sydney shows. The latest report from the Poverty and Inequality Partnership Inequality in Australia 2023: Overview, shows that wealth inequality has increased strongly over the past two decades. From 2003 to 2022, the average wealth of the highest 20% rose by 82% and that of the highest 5% rose by 86%, leaving behind the middle 20% (with a 61% increase) and the lowest 20% (with a 20% increase).

https://www.miragenews.com/wealth-inequality-soars-over-last-two-decades-1092305/

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