It is not them or us, they are us.

The Australian Independent Media Network

Poverty-History1 Australians have the highest median wealth per adult in the world ($233,504). We have the second highest average wealth ($428,250). We are a mere 0.36% of the world’s adult population but we account for 3.78% of the world’s top 1% wealthiest. The only nation with a more lopsided share of the top 1% is Switzerland.

So why is it that an estimated 2,265,000 people or 12.8% of all people are living below the internationally accepted poverty line used to measure financial hardship in wealthy countries?

Australia’s household wealth per adult grew by 2.6 per cent in 2012.  Wages in 2013 grew by 2.6%. On the other hand, since the mid 1990s, Newstart has gone from just below 50% of the median household income to now around 30% – which is an alarming $74pw below the poverty line .

Over a third (37%) of people whose main income is social security…

View original post 1,431 more words

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