The Productivity Commission (PC) has released new data on income mobility. It shows that, on average, each generation has earned more than the previous one, due to the nation’s long-term economic growth. Two-thirds of people born between 1976 and 1982, known as Xennials, earn more than their parents, according to the PC. However, gains have
The post Australians are earning more but are poorer appeared first on MacroBusiness.