![]() It found major pandemics had raised income inequality and hurt the employment prospects of those with lower levels of education. Additionally, statistics show that the top 2 of the United States population has a net worth of about 2.4 million. Average Net Worth by Age Net worth increases by age, because households accumulate assets over time, including property, cars or other vehicles, and retirement savings. Someone in the top 10 of the global income distribution makes 122,100 per year. If your net worth is between 43,760 and 201,800, you are in the middle class. ![]() “If the government continues on its current path focusing on tax cuts and tax incentives for private sector activity there is no question that into the future we will see a serious increase in both income and wealth inequality and the concentration of wealth in the hands of fewer and fewer people,” she said.Ī recent multi-nation study by the International Monetary Fund examined the effects on income distribution of five major pandemics this century– SARS in 2003, H1N1 (also called Swine flu) in 2009, MERS in 2012, Ebola in 2014 and the Zika virus outbreak in 2016. In 2021, the average adult worldwide makes 23,380 and owns 102,600 in net worth. ![]() The earnings of many low-income households have been boosted this year by government support measures introduced during the pandemic including JobKeeper, the coronavirus supplement for JobSeeker recipients, and one-off stimulus payments for pensioners and other welfare recipients.īut Australian Council of Social Service chief executive Cassandra Goldie warned that inequality could worsen in the wake of the pandemic if unemployment remains elevated, wages growth is subdued and income support measures are withdrawn. ![]()
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