Productivity Commission finds Australia’s economic mobility among best in the world
The Productivity Commission has found Australia's rates of economic mobility rank among the best in the world. Two-thirds of people born between 1972 and 1982 earn more than their parents did at the same age. However, those born after 1990 are experiencing slower income growth and poverty levels are the highest since 2001. Commission Chair, Danielle Wood, says overall levels of economic mobility are high by global standards.