SUBSCRIBERS

Aussie growth still leaves 1 in 7 below poverty line

Published Sun, Oct 12, 2014 · 09:50 PM
Share this article.

Sydney

ONE in seven Australians lives below the poverty line, even after more than two decades of economic growth, an Australian Council of Social Service (Acoss) report showed.

The poverty rate in Australia climbed to 14 per cent in 2012, or 2.55 million people, from 13 per cent in 2010, the council said in a report on Sunday. This included 603,000 children, or 17.7 per cent of the total.

The poverty line is defined as 50 per cent of median disposable income, a standard measure of financial hardship in wealthy countries, it said.

"The child poverty rate should be of deep concern to us all, with over a third of children in sole-parent families falling into this category", Cassandra Goldie, chief executive officer of Acoss, said in a statement. "This is due to the…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here