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Showing 21 - 30 of 173 results for "Poverty"

Government urged to overhaul gift tax system

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
... benefits miss out," Productivity Commission deputy chair Alex Robson said. The report said charities that work to prevent poverty, animal welfare charities, and charities that work across DGR categories in support of groups like women, young people and ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... super concessions for Australia's wealthiest individuals could instead be used to support retired Australians living in poverty." In addition, the research found that Australia still experiences above average rates of poverty in retirement, coming in ...

Top 10% of households home to 15 times more wealth

JAMIE WILLIAMSON  |  FRIDAY, 19 APR 2024
... the past 20 years, while that of the lowest 60% increased significantly less. A new report from ACOSS and UNSW Sydney's Poverty and Inequality Partnership - titled Inequality in Australia 2024: Who is affected and how? - shows the average household wealth ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... 70.5% or US$120 billion in the same period. "Meanwhile, people worldwide are working harder and longer hours, often for poverty wages in precarious and unsafe jobs. The wages of nearly 800 million workers have failed to keep up with inflation and they ...

'About bloody time': Industry responds to PPL super reform

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... gap, super on paid parental leave is a critical element to ensure we do not condemn future generations to a retirement in poverty," she said. Meantime, the nation's largest super fund AustralianSuper said this marks a major milestone for the women ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
It will likely take 230 years to eradicate poverty, as the wealth of Australia's three richest people more than doubles and the first trillionaire is expected to be minted in the coming years. Those are some key findings from a new Oxfam report, which ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... year, helping to make up this shortfall and cover the increased cost of living." Retired renters have higher levels of poverty and financial stress than homeowners, it added. "As we've previously highlighted, public support like Commonwealth rental ...

US debt ceiling agreement reached

CASSANDRA BALDINI  |  MONDAY, 29 MAY 2023
... people," McCarthy commented. "It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, rein in government overreach. There are no new taxes, no new government programs. There's a lot more ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... Superannuation Guarantee (SG) benefits to workers in the gig economy, amid concerns these workers will be "vulnerable to poverty" later in life. HESTA chief executive Debby Blakey stressed the importance of legislative reform in a submission to the Department ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
... between the richest and poorest households. "Not owning a home has large implications - particularly as a driver of income poverty in older age and on stability of housing and associated social outcomes," the research found. Furthermore, declining home ...