Abstract
Between 1986 and 1997 the average wealth of older Australians almost
doubled from $106 000 to $204 000. This was in sharp contrast to the fall
in the average wealth holdings of Australians aged less than 45 years
over the same period. The average picture for older Australians masked
major differences among them, as the top 25 per cent of older
Australians recorded the highest increases in both their income and their
wealth. The growing differences in the resources available to older
Australians raises many questions for policy makers, as they grapple
with the issues associated with population ageing and how to finance
the future health and care needs of the ageing baby boomers.
doubled from $106 000 to $204 000. This was in sharp contrast to the fall
in the average wealth holdings of Australians aged less than 45 years
over the same period. The average picture for older Australians masked
major differences among them, as the top 25 per cent of older
Australians recorded the highest increases in both their income and their
wealth. The growing differences in the resources available to older
Australians raises many questions for policy makers, as they grapple
with the issues associated with population ageing and how to finance
the future health and care needs of the ageing baby boomers.
| Original language | English |
|---|---|
| Place of Publication | Canberra |
| Publisher | NATSEM |
| Number of pages | 29 |
| ISBN (Print) | 1 74088 0366 6 |
| Publication status | Published - 2002 |
Publication series
| Name | NATSEM Discussion Paper Series |
|---|---|
| Publisher | NATSEM |
| No. | 58 |
| ISSN (Electronic) | 1443-5101 |