The Age
·general
·3 hours ago
Pandemic policies narrow Australia's wealth gap between young and old workers temporarily
An Actuaries Institute report finds Australia's intergenerational wealth gap narrowed temporarily due to pandemic policies and low interest rates, but economic pressures threaten to widen it again. Australians aged 65-74 gained $375,000 in household wealth over two years versus $98,000 for those 25-34. Government spending shifts toward older generations, funded by debt younger workers must repay.
Summary by Glance · The Age
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