The latest data shows that the average Australian household income has grown in real terms by $23,248 since 2001, and average household wealth has increased to nearly $1 million. Older Australians have seen the largest increases in wealth – particularly older couples, whose average household wealth is now over $1 million. “The HILDA Survey evidence on the economic fortunes of single parent families in recent years is a concerning trend. Contrary to reports otherwise, the HILDA Survey suggests Australia’s middle class is stable or even slightly growing. The HILDA Survey tells the stories of the same group of Australians over the course of their lives.
