This report builds on the Actuaries Institute’s May 2023 Green Paper that found inequality in Australia is significantly higher than in the 1980s.

This report takes a broad review of inequality and its impact on society. It carries out an in-depth analysis to determine the role demographic factors, such as age, gender, disability, location, education and employment backgrounds play in determining inequality. It does this through decomposition of the Gini coefficient.

It is important to understand how intergenerational equity is changing over time. The Australian Actuaries Intergenerational Equity Index (AAIEI) contributes to this discussion by tracking and assessing 24 indicators, across six broad domains, that relate to wealth and wellbeing (economic and fiscal, housing, health and disability, social, education and environment).