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Maroc Maroc - PROPERTYUPDATE.COM.AU - A La Une - 31/Aug 03:30

Your parents’ income doesn’t determine yours – unless you’re ultra rich or extremely poor

Australia is among the strongest global performers in terms of income mobility between the generations, according to a new Productivity Commission report. The country’s long-term economic growth has led to each generation earning more than the last, on average. Our report finds 67% of the so-called “Xennial” generation – those born in 1976–1982, on the...

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