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

  • Written by The Conversation
Your parents’ income doesn’t determine yours – unless you’re ultra rich or extremely poorDrazen Zigic/Shutterstock

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”...

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

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