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Incomes and Assets of Older People

Incomes and Assets of Older People .Between 1986 and 1997 the average wealth of older Australians almost doubled from $106,000 to $204,000. This was in sharp contrast to the fall in the average wealth holdings of Australians aged less than 45 years over the same period. The average picture for older Australians masked major differences among them, as the top 25 per cent of older Australians recorded the highest increases in both their income and their wealth. The growing differences in the resources available to older Australians raises many questions for policy makers, as they grapple with the issues associated with population ageing and how to finance the future health and care needs of the ageing baby boomers. "Trends in Incomes and Assets of Older Australians" by Ann Harding, Anthony King and Simon Kelly is published by the National Centre for Social and Economic Modelling.

By National Centre for Social and Economic Modelling ,Australia .

Welfare and Social Security Policy Resource.