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How Is Income Distributed In Australia

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How Is Income Distributed In Australia
What is income?

Income is the amount that is received in a given period of time. It is a flow of funds.

How is income distributed in Australia?

According to the ABS - in 1999-2000, the richest 20% of income units received 48.5% per cent of total income. The poorest 20% of income units received less than 4% of total income.
Note: Income units are made up of one person or a group of related persons within a household, whose incomes are assumed to be shared.

What are the main sources of Income in Australia?

The main sources of income are: -
• Wages and salaries – 56%
• Business profits – 21%
• Property income – 9%
• Social security – 10%

What is Wealth?

Wealth is the value of the things a person owns at a point in
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