Disposable income soared for richest Australians after pandemic but went backwards for the rest, report says

Income inequality in ‘unprecedented fall’ thanks to jobkeeper, then ballooned again in 2021, the Productivity Commission says

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Disposable income shot up for the richest 10% of Australian households after the pandemic, while the rest of the country found their financial situation going backwards, new analysis has shown.

On Tuesday the Productivity Commission released a new report, A Snapshot of Inequality in Australia, examining how income and wealth inequality changed because of the Covid-19 pandemic-induced recession and subsequent economic recovery.