While inequality is not extreme in Australia by international comparison, it is trending in the wrong direction according to this report. Executive summary Excessive inequality in any society is harmful. It is harmful to the ability of people to participate in social and economic opportunities, and it undermines social cohesion. Excessive inequality is bad for...

Public discourse on economics in the United States, and around the world, often focuses on rising income and wealth inequality. The “Occupy” movement drew great attention to the rising fortunes of the top one percent while middle- and lower-income Americans lost ground. Vast scholarly, political, and media attention is focused on issues of growing inequality...

This report finds that older Australians are capturing a growing share of Australia’s wealth, while the wealth of younger Australians has stagnated.

In most OECD countries, the gap between rich and poor is at its highest level since 30 years, according to this report.

Over the past 30 years the gap between the rich and the poor has increased rapidly in a majority of the world’s countries. Oxfam has previously reported that inequality is so severe that the 85 richest people in the world own the same as half of the world’s population — 3.5 billion people. In a...