Abstract
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 1985-86 and 1996-97.
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 remained stable over the 11 years, while the incomes of the top 25 per cent rose.
Projections suggest that while many older Australians will have insufficient resources to fund a comfortable retirement, others will have substantial assets to fall back on.
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 remained stable over the 11 years, while the incomes of the top 25 per cent rose.
Projections suggest that while many older Australians will have insufficient resources to fund a comfortable retirement, others will have substantial assets to fall back on.
| Original language | English |
|---|---|
| Pages | 1-20 |
| Number of pages | 20 |
| Publication status | Published - 2002 |
| Event | Industry Development Forum on 'Changing Needs, Growing Markets' - Department of Ageing, Disability and Home Care and Housing, Sydney, Australia Duration: 18 Feb 2002 → … |
Conference
| Conference | Industry Development Forum on 'Changing Needs, Growing Markets' |
|---|---|
| Country/Territory | Australia |
| City | Sydney |
| Period | 18/02/02 → … |