Income and Wealth Distribution in Australia.docVIP

Income and Wealth Distribution in Australia Anthony Stokes, Lecturer in Economics. Australian Catholic University, Strathfield. What is income? Income is the amount that is received in a given period of time. It is a flow of funds. How is income distributed in Australia? According to the ABS - in 1999-2000, the richest 20% of income units received 48.5% per cent of total income. The poorest 20% of income units received less than 4% of total income. Note: Income units are made up of one person or a group of related persons within a household, whose incomes are assumed to be shared.