Trends in the Assets and Incomes of Older Australians
نویسندگان
چکیده
This paper examines trends in the assets and incomes of older Australians between 1986 and 1998. The average wealth of older Australians almost doubled from $106,000 to $204,000 between 1986 and 1998. This was in sharp contrast to the fall in the average wealth holdings of Australians aged less than 45 years over the same time period. The average picture for older Australians masked major differences among them, as the after-inflation incomes of the bottom 25 per cent of older Australians fell over the 12 years, while the incomes of the top 25 per cent rose.
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