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The report by ACOSS and UNSW Sydney examines the impact of COVID-19 on wealth inequality in Australia, highlighting that while household wealth has increased significantly, it remains unevenly distributed. The average wealth per adult is among the highest globally, yet many Australians face financial vulnerability due to high debt and low savings. The rise in housing prices has contributed to this inequality, with the richest households holding a disproportionate share of total wealth.

Author

darrenkwok242

Language

EN